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Shoreline Energy announces Forbearance Agreement with senior lender


Published Apr 29, 2014
Shoreline Energy Corporation

Shoreline Energy Corp. has entered into a Forbearance Agreement with its senior secured lender, Alberta Treasury Branches (the "Forbearance").

Subject to completion of similar arrangements with its other secured lenders which are currently under negotiation, the Forbearance provides Shoreline with continued access to the credit facility and restrictive covenants have been waived during the period of the Forbearance as to allow Shoreline's previously announced strategic alternatives process, which is coordinated by its advisor, RBC Capital Markets, to continue.

The strategic alternatives process will provide interested parties the opportunity to pursue transactions across Shoreline's complete suite of assets.

Tags: Shoreline Energy Corporation




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