AIMCo strikes $49.5 mln funding deal with Perpetual Energy
Alberta Investment Management Corp (AIMCo) has entered into a strategic financing partnership with Perpetual Energy Inc (TSE: PMT), a Calgary-based oil and gas company. AIMCo agreed to provide Perpetual with $45 million in a debt-with-warrants financing and buy units that will generate gross proceeds of about $4.5 million. AIMCo said the partnership creates exposure to the company's focus on heavy oil, liquids-rich natural gas and bitumen opportunities. Perpetual said the funds raised will help refinance its debt and contribute liquidity to its 2017 capital program.
17 February 2017•3 mins read
