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Northern Blizzard redeems $148.75 million 7¼% senior notes due 2022
By Toni Weeks
San Luis Obispo, Calif., Sept. 2 – Northern Blizzard Resources Inc. said it redeemed $148.75 million principal amount of its $425 million of 7¼% senior notes due 2022.
The notes were redeemed at 107.25 plus accrued interest to the redemption date.
The total redemption price of roughly $160.5 million was funded with a portion of the proceeds of the company’s initial public offering.
Calgary, Alta.-based Northern Blizzard is an oil and gas exploration and production company.
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