Prospera Energy Secures Two-Year Loan Extension Amid Strong Heavy Oil Prices
Prospera Energy Inc. (TSXV: PEI) has secured a two-year extension of its senior term loan, pushing the maturity date from August 31st, 2026 to August 31st, 2028.
The facility's principal amount remains at $20,739,465 with an annual interest rate of 12% and monthly interest payments intact.
This development provides Prospera with a much-needed runway for its growth plans as it navigates one of the strongest heavy oil price environments in over a decade.