CALGARY, AB, April 25, 2024 /CNW/ - (TSX: PMT) – Perpetual Energy Inc. ("Perpetual", or the "Company") is pleased to announce the completion of its previously announced early redemption of its 8.75% senior secured third-lien notes maturing January 23, 2025 (the "2025 Senior Notes"), with the opportunity for noteholders to elect to continue to hold such notes subject to certain amendments. Of the $33.2 million aggregate principal amount of 2025 Senior Notes outstanding, approximately $7.0 million were redeemed for cash plus accrued interest equal to $22.29 per $1,000 principal amount of 2025 Senior Notes, for a total repayment of approximately $7.2 million which was funded from cash on hand.
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