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CS - Pine Cliff restructures debt into later-maturing credit facility - October 2019

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Pine Cliff Energy Ltd. announced Oct. 1 that it will convert $49 million in existing notes payable at different times within three years into a credit facility that pushes back the maturity of $30 million of the total principal by over four years. The company said it entered into an agreement with Alberta Investment Management Corp. to exchange an existing $30 million principal amount of 6.75% notes due next September and $19 million of......
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