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Athabasca Oil closes $500 million credit facility, boosts liquidity to $870 million

Mon, 01 Jun 2026 08:02:13 -0400

Athabasca Oil Corporation (TSX: ATH) closed a new $500 million covenant-based credit facility with Canadian banks, the company announced. The facility has a four-year term ending in May 2030 and includes annual extension rights.

Duvernay Energy, a subsidiary in which Athabasca holds a 70% equity interest, also closed an expanded $75 million reserve-based credit facility. Combined with existing resources, the company's consolidated liquidity reaches approximately $870 million.

The Calgary-based energy company reported having $60 million in net cash and $290 million in cash as of March 31, 2026, according to the press release statement.

Athabasca indicated the new credit facilities support its thermal

Athabasca Oil closes $500 million credit facility, boosts liquidity to $870 million

Mon, 01 Jun 2026 08:02:13 -0400

The Calgary-based energy company reported having $60 million in net cash and $290 million in cash as of March 31, 2026, according to the press release statement.

Athabasca indicated the new credit facilities support its thermal

Athabasca Oil Corporation Announces New $500 Million Four-Year Credit Facility and Expanded Duvernay Energy Credit Facility

Mon, 01 Jun 2026 08:00:00 -0400

CALGARY, Alberta, June 01, 2026 (GLOBE NEWSWIRE) -- Athabasca Oil Corporation (TSX: ATH) (“Athabasca” or the “Company”) has closed a new $500 million covenant-based credit facility with the Canadian bank market. The facility has a four-year term to May 2030 and includes annual extension rights. Duvernay Energy has also closed an upsized $75 million reserve-based credit facility. Pro forma for the new facilities, consolidated liquidity is approximately $870 million.

The new credit facilities enhance Athabasca’s capital structure with expanded liquidity, enhanced durability and a lower cost of capital. The pro forma capital structure supports the

Athabasca Oil Corporation Announces New $500 Million Four-Year Credit Facility and Expanded Duvernay Energy Credit Facility

Mon, 01 Jun 2026 08:00:00 -0400

The new credit facilities enhance Athabasca’s capital structure with expanded liquidity, enhanced durability and a lower cost of capital. The pro forma capital structure supports the

Athabasca Oil Corporation Announces New $500 Million Four-Year Credit Facility and Expanded Duvernay Energy Credit Facility

Mon, 01 Jun 2026 08:00:00 -0400

The new credit facilities enhance Athabasca’s capital structure with expanded liquidity, enhanced durability and a lower cost of capital. The pro forma capital structure supports the

Athabasca Oil Corporation Announces New $500 Million Four-Year Credit Facility and Expanded Duvernay Energy Credit Facility

Mon, 01 Jun 2026 08:00:00 -0400

The new credit facilities enhance Athabasca’s capital structure with expanded liquidity, enhanced durability and a lower cost of capital. The pro forma capital structure supports the

Alterity Therapeutics presents data supporting ATH434 Phase 3 advance in MSA