Obsidian Energy Ltd. completed the acquisition of Peace River Peavine and Gift Lake Clearwater production and sections of land for CAD 80.5 million.
Obsidian Energy Ltd. (TSX:OBE) completed the acquisition of Peace River Peavine and Gift Lake Clearwater production and sections of land for CAD 80.5 million on May 28, 2024. As per terms, the cash consideration for the Acquisition was funded from our syndicated bank facility and a $50 million term loan (the " Term Loan "), which matures in June 2025. Royal Bank of Canada, Bank of Montreal and Canadian Western Bank provided the Term Loan financing related to the Acquisition. RBC Capital Markets Inc. acted as financial advisor and Burnet, Duckworth & Palmer LLP acted as a legal advisor to Obsidian Energy Ltd.