Peyto Exploration & Development Corp. Announces Refinancing of Senior Notes

Executive Summary

• Peyto Exploration & Development Corp. issued $100 million of senior secured notes with a 5.03% coupon, maturing on Jan 5 2033.
• Proceeds were used to fully repay an existing $100 million note that matured on Jan 3 2026.
• The issuance was executed via a private placement under a private shelf agreement and ranks equally with existing credit facilities.

Key Details

• Notes Issued: $100 million senior secured notes, 5.03% coupon, semi‑annual interest payments in arrears.
• Maturity Date: January 5 2033.
• Placement Method: Private placement pursuant to a private shelf agreement; not registered under the U.S. Securities Act of 1933.
• Ranking: Equal ranking with Peyto’s obligations under its credit facilities and existing note purchase/private shelf agreements.
• Use of Proceeds: Full repayment of $100 million senior notes that matured on January 3 2026.
• Issuer Information: Peyto Exploration & Development Corp., TSX: PEY, based in Calgary, Alberta.

Notable Quotes

Jean‑Paul Lachance – President and Chief Executive Officer
“The issuance of these senior secured notes provides us with the flexibility to refinance existing debt on favorable terms and supports our continued focus on operational excellence.”