ATB Financial, CIBC Extend Terra Energy Lending Facility
Terra Energy announces the extension of its existing lending facility. Canadian Imperial Bank of Commerce and ATB Financial comprise the syndicate of senior lenders.
The company agreed with its syndicate of senior lenders to amend the existing facility and extend it through to October 31, 2013 to facilitate the continuing debt restructuring process.
Terra is a junior oil and gas corporation engaged in the exploration, development and production of natural gas and oil in Western Canada.