Enterra Nixes Second-Lien June 24, 2009

--Max Adams

Enterra Energy Trust has eliminated its $15 million second lien credit facility and renewed its $110 million revolver. The new facility will mature in June 2010. The previous facility was due to mature on June 25 this year. The elimination of the second lien facility, which had never been drawn on, was a decision on the part of the company.

“The ...

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