Bonterra Energy Corp. is pleased to provide a corporate update with regard to its credit facilities, maintaining its $0.15 monthly dividend per common share and its sustainability analysis during this period of continued low commodity prices.
Credit Facilities Maintained
The Company's lenders have completed their mid-year review and have agreed to maintain the credit facilities at the current $425 million. The loan is revolving to April 29, 2016 with a maturity date of April 30, 2017. As of September 30, 2015 the drawn amount of the banks' loan is $335 million. The Company's total debt including working capital and other debt is approximately $364 million.