Daily News: March 22, 2012

Barclays, BMO Capital Close Amendment for MEG Energy Facility


MEG Energy Corp. announced that it has completed an agreement to expand its senior secured revolving credit facility from US$500 million to US$1 billion and extend the maturity of its revolving credit facility by one year to 2017. The transaction was completed through an amendment of MEG’s existing credit agreement.

Barclays and BMO Capital Markets acted as joint lead arrangers and joint bookrunners for the amendment.

MEG Energy Corp. is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada.

Previously on abfjournal.com:

MEG Seeks Commitments With Barclays, Others to Expand Facility, Friday, March 16, 2012