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Boulder Talks 2016 Outlook; Decrease to Credit Facility
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Boulder Energy Ltd. has reported an update on its confirmed syndicated credit facility as well as announce its planned 2016 capital program designed to take a conservative approach to the balance sheet, improve financial flexibility and maintain the prudent development of its high quality Brazeau Belly River project to preserve asset value.
Credit Facility UpdateThe Company has received confirmation from its banking syndicate regarding the semi-annual review of its committed term syndicated facility. The Company's total Credit Facility has been confirmed in the aggregate amount of $160 million, which is a decrease of 9% from the previous amount of $175 million established in May 2015. The Credit Facility is available on an extendible revolving term basis and consists of a $140 million…
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