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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Peyto Exploration & Development Corp    PEY   CA7170461064

PEYTO EXPLORATION & DEVELOPMENT CORP

(PEY)
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Peyto Exploration & Development : Announces Closing of Private Placement of Senior Notes

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01/11/2019 | 06:57am EDT

Peyto Exploration & Development Corp. (TSX: PEY) ('Peyto') is pleased to confirm that it has closed an issuance of CDN$100 million of senior unsecured notes.

The notes have a coupon rate of 4.39% and mature on January 3, 2026. The notes were issued by way of a private placement pursuant to a note purchase agreement and rank equally with Peyto's obligations under its bank facility and existing note purchase agreements. Interest will be paid semi-annually in arrears. Proceeds from the notes will be used to repay a portion of Peyto's outstanding bank debt and for general corporate purposes. The issuance of the senior notes maintains Peyto's aggregate borrowing capacity at $1.92 billion.

The senior notes have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer or sale of the senior notes in any state, or jurisdiction in which such offer, solicitation or sale would be unlawful.

Contact:

Darren Gee

Tel: (403) 237-8911

Fax: (403) 451-4100

(C) 2019 Electronic News Publishing, source ENP Newswire

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Financials (CAD)
Sales 2019 534 M
EBIT 2019 37,0 M
Net income 2019 -14,0 M
Debt 2019 1 055 M
Yield 2019 5,95%
P/E ratio 2019 10,4x
P/E ratio 2020 10,7x
EV / Sales2019 3,29x
EV / Sales2020 2,80x
Capitalization 702 M
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Technical analysis trends PEYTO EXPLORATION & DEVELO
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Mean consensus HOLD
Number of Analysts 13
Average target price 6,67  CAD
Last Close Price 4,26  CAD
Spread / Highest target 135%
Spread / Average Target 56,5%
Spread / Lowest Target 17,4%
EPS Revisions
Managers
NameTitle
Darren Gee President, Chief Executive Officer & Director
Donald T. Gray Chairman
Jean-Paul H. Lachance COO & Executive Vice President-Engineering
Kathy Turgeon Chief Financial Officer & Vice President-Finance
Stephen J. Chetner Secretary & Director
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