February 21, 2017 / 1:51 PM / 8 months ago

BRIEF-Pengrowth announces plan to reduce outstanding debt by $530 mlm

Feb 21 (Reuters) - Pengrowth Energy Corp

* Pengrowth announces plan to reduce outstanding debt by $530mm through retirement of $127 mln of convertible debentures and the prepayment of us $300 mln of the 6.35 pct senior notes due July 26, 2017

* Pengrowth Energy - following payments, company expects pro-forma debt to be reduced to about $1.1 billion and comprised entirely of senior term notes

* Pengrowth Energy - continues to seek out opportunities to further reduce its outstanding debt, including through disposition of assets Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below