03:11 PM EDT, 08/09/2024 (MT Newswires) -- Athabasca Oil ( ATHOF ) said Friday it has closed its private placement of 6.75% senior unsecured notes due 2029, raising $200 million.

Proceeds and cash on hand were used to redeem its US$175 million aggregate principal amount of 9.75% senior secured second lien notes due 2026.

Athabasca Oil ( ATHOF ) is down $0.02, to $5.16 on the Toronto Stock Exchange.

Price: 5.16, Change: -0.02, Percent Change: -0.48