Petrus Resources Ltd. has entered into an agreement with Macquarie Bank Limited to extend the company's $42 million second lien term loan by two years; now due October 2019. Concurrent with the extension, the company reduced the amount outstanding by $7 million through working capital and available credit facilities. The interest rate on the $35 million balance will remain unchanged at the Canadian Dealer Offered Rate (CDOR) plus 700 basis points (which is currently a total interest rate of 7.9%).