Alberta Treasury Leads $50MM Gear Facility to Support Striker Acquisition

Gear Energy entered into an agreement to acquire Striker Exploration. Upon completion of the acquisition, a syndicate led by Alberta Treasury will provide $50 million in senior secured revolving credit facilities.

Lenders Reduce Delphi Energy Credit Facility to $132.5MM

After their semiannual review, National Bank of Canada, Bank of Nova Scotia and Alberta Treasury Branches reduced Delphi Energy’s credit facility by 5% to $132.5 million.