/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICE/
CALGARY, June 11, 2019 /CNW/ - (TSX:PMT) –
Perpetual Energy Inc. ("Perpetual" or the "Company")
is pleased to announce that it has successfully completed the
previously announced early redemption of all of the $14.6 million aggregate principal amount of 8.75%
senior notes maturing July 23, 2019
(the "2019 Senior Notes") effective June 11, 2019 (the "Senior Note
Refinancing").
Pursuant to the Senior Note Refinancing, Perpetual issued
$15.7 million of 8.75% senior notes
due January 23, 2022 (the "2022
Senior Notes") to fully redeem the 2019 Senior Notes.
After giving effect to the Senior Note Refinancing, there are
$33.6 million 2022 Senior Notes
outstanding comprised of $17.9
million 2022 Senior Notes previously outstanding and the
$15.7 million 2022 Senior Notes
issued as consideration to redeem the 2019 Senior Notes. Entities
controlled or directed by the Company's President and Chief
Executive Officer hold $22.5 million
of the 2022 Senior Notes now outstanding.
ADDITIONAL INFORMATION
About Perpetual
Perpetual is an oil and natural gas exploration, production and
marketing company headquartered in Calgary, Alberta. Perpetual operates a
diversified asset portfolio, including liquids-rich natural gas
assets in the deep basin of west central Alberta, heavy oil and shallow natural gas in
eastern Alberta, with longer term
opportunities through undeveloped oil sands leases in northern
Alberta. Additional information on
Perpetual can be accessed at www.sedar.com or from the
Corporation's website at www.perpetualenergyinc.com.
The Toronto Stock Exchange has neither approved nor disapproved
the information contained herein.
SOURCE Perpetual Energy Inc.