Kiwetinohk Energy Corp. Announces Expansion of Lending Syndicate and Increased Credit Facility

CALGARY, Alberta, Dec. 13, 2021 (GLOBE NEWSWIRE) — Kiwetinohk Energy Corp. (“Kiwetinohk” or the Corporation”) is pleased to announce a 40 percent increase to its Senior Secured Extendible Revolving Facility (or “Credit Facility”). Kiwetinohk’s existing lenders, Bank of Montreal as agent and co-leads ATB Financial and National Bank of Canada, have completed their semi-annual borrowing base redetermination and have agreed to amend the Credit Facility and increase the borrowing limit from $225 million to $315 million. To support this increase Kiwetinohk has expanded its lending syndicate to six banks and is delighted to have the support of Royal Bank of Canada, Bank of Nova Scotia and Business Development Bank of Canada as lenders. Read More