Penn West Exploration Announces Renewal of Its Bank Facility
16 June 2012 - 7:19AM
PR Newswire (US)
CALGARY,
June 15, 2012 /PRNewswire/ -
(TSX-PWT; NYSE - PWE) Penn West Petroleum Ltd. ("Penn West
Exploration") closed the renewal of its unsecured, revolving bank
facility on June 15, 2012. The
facility has a four year term maturing on June 30, 2016 and includes a syndicate of
Canadian and International banks. The facility has an
aggregate borrowing limit of $3.0
billion. This renewal was jointly led by BMO Capital
Markets and Canadian Imperial Bank of Commerce.
Penn West Exploration common shares are listed
on the Toronto Stock Exchange under the symbol PWT and on the New
York Stock Exchange under the symbol PWE.
SOURCE Penn West Exploration
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