Birchcliff Energy Ltd. has announced:
- • Subject to the approval of Birchcliff’s board of directors, Birchcliff currently intends to redeem all of its outstanding Series A and Series C preferred shares at the end of Q3 2022.
- • Birchcliff expects to reach zero total debt in Q4 2022, even after the proposed redemption of its Series A and Series C preferred shares, with an anticipated surplus of $260 million to $280 million at year-end 2022, based on current strip pricing.
BIR.PR.A was issued as a FixedReset, 8.00%+683 that commenced trading 2012-8-8. It reset to 8.374% in 2017.
BIR.PR.C was issued as a seven-year retractible, 7.00%, that commenced trading in 2013.
Neither issue has been tracked by HIMIPref™.
Thanks to Assiduous Reader Dan Good for bringing this to my attention!
This entry was posted on Sunday, June 12th, 2022 at 2:15 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed.
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BIR.PR.A & BIR.PR.C : Intention to Redeem
Birchcliff Energy Ltd. has announced:
BIR.PR.A was issued as a FixedReset, 8.00%+683 that commenced trading 2012-8-8. It reset to 8.374% in 2017.
BIR.PR.C was issued as a seven-year retractible, 7.00%, that commenced trading in 2013.
Neither issue has been tracked by HIMIPref™.
Thanks to Assiduous Reader Dan Good for bringing this to my attention!
This entry was posted on Sunday, June 12th, 2022 at 2:15 pm and is filed under Issue Comments. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.