Peyto Exploration issues $100-million of 5.03% notes

Executive Summary

• Peyto Exploration & Development Corp. issued $100 million of senior secured notes at a 5.03% coupon, maturing on Jan. 5 2033.
• The notes were placed privately under a private‑shelf agreement and rank equally with existing credit facilities.
• Proceeds were used to fully repay the company’s prior $100 million notes that matured on Jan. 3 2026.

Key Details

• Issue amount: $100 million senior secured notes.
• Coupon rate: 5.03% per annum, payable semi‑annually in arrears.
• Maturity date: January 5 2033.
• Placement method: Private placement pursuant to a private shelf agreement.
• Ranking: Equal ranking with Peyto’s existing credit facilities and note purchase agreements.
• Use of proceeds: Entire amount applied to repay the $100 million notes that matured on Jan. 3 2026.

Notable Quotes

(No executive quotes provided in the release.)