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Finance & Investing | Financial Trouble | Capital Markets

Bonavista Gets Forebearance Extension for Debt Maturities

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   |    Tuesday,June 16,2020

Bonavista Energy Corp. has reported that its due date in regard to its forebearance agreement with lenders has been extended to June 17, 2020.

The extension was made in order to continue negotiations of Bonavista’s debt maturities. The Lenders have also agreed to continue to allow the Company access to the $25 million swing line loan facility granted under the Credit Agreement for ordinary course operational purposes.

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