Connacher gets lender consent to extend credit facility to July 31

By Toni Weeks

San Luis Obispo, Calif., May 5 - Connacher Oil and Gas Ltd. announced that it received unanimous consent from the lenders of its amended and restated senior secured revolving credit facility to extend its maturity date to July 31, 2014 from May 31.

According to a press release, the company also received lender consent to waive the requirements to comply with the total consolidated debt to total capitalization ratio covenant under the credit facility at March 31 and June 30.

Calgary, Alta.-based Connacher is an in-situ oil sands developer, producer and marketer of bitumen.

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