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National Bank of Canada Upsizes Lycos Energy’s Revolving Credit Facility to $50MM

Date: Dec 05, 2023 @ 06:00 AM
Filed Under: Energy

Lycos Energy entered into an amending agreement with the National Bank of Canada to increase its existing revolving credit facility from $35.0 million to $50.0 million. The credit facility provides added financial flexibility to support the Company's growth.

Lycos is an oil-focused, exploration, development and production company based in Calgary, Alberta, operating high-quality, heavy-oil, development assets in the Lloydminster, Greater Lloydminster area and Gull Lake, Saskatchewan.

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