05:49 AM EDT, 03/15/2024 (MT Newswires) -- Obsidian Energy ( OBE ) said Thursday it has completed its offer to purchase up to 2 million Canadian dollars ($1.5 million) of its 11.95% senior unsecured notes due July 27, 2027.

The company said the offer was oversubscribed, with about CA$49.2 million principal amount of the notes validly tendered by the March 11 expiration. Upon completion of the offer, Obsidian Energy ( OBE ) has CA$114.2 million of the notes that remain outstanding.