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Razor Energy Skips Out on Loan Interest Payment

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   |    Wednesday,July 08,2020

Razor Energy Corp. will be deferring the scheduled June 30, 2020 interest payment to the Alberta Investment Management Corporation (AIMCo) under the existing $45.0 million Term Loan Facility.

The interest will be capitalized, adding to the principal of the existing Amended Term Loan Facility.

The Amended Term Loan Facility matures on January 31, 2021 and bears an interest rate of 10% per annum.

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