S&P Assigns Rating to Baytex Energy's Proposed US$500 Million Senior Unsecured Issue-February 2024-www.financetom.com

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S&P Assigns Rating to Baytex Energy's Proposed US$500 Million Senior Unsecured Issue

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S&P Assigns Rating to Baytex Energy's Proposed US$500 Million Senior Unsecured Issue

Mar 14, 2024 8:33 AM

11:08 AM EDT, 03/14/2024 (MT Newswires) -- S&P Global Ratings said Thursday it has assigned its BB- debt rating and 2 recovery rating to Baytex Energy's ( BTE ) proposed US$500 million senior unsecured notes offering maturing in 2032.

The BB- debt rating and 2 recovery rating on Baytex's existing rated senior unsecured debt are unchanged, indicating S&P Global Ratings' expectation of substantial recovery in a simulated default scenario.

The company's stock was up 1.2% on last look on Thursday.

Price: 4.42, Change: +0.04, Percent Change: +0.97

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