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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Paramount Resources Secures $250MM Delayed Draw Term Loan from Export Development Canada
Wednesday, December 17, 2025
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Lenders/Participants
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Export Development Canada [Lender]
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Structure
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Delayed Draw Term Loan
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Amount
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$250.000
Million
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Borrower(s)
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Paramount Resources
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Description
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Paramount Resources secured a $250 million delayed draw term loan facility with Export Development Canada and extended the maturity date of its $500 million senior secured revolving bank credit facility. The Term Loan Facility has a 5-year term and enables Paramount to make multiple drawdowns of up to an aggregate of $250 million at any time prior to December 16, 2027 to fund capital expenditures related to the Company's Willesden Green Duvernay and Sinclair Montney developments (excluding the Sinclair Plant). The Term Loan Facility is prepayable without penalty, non-revolving, non-amortizing, matures on December 15, 2030 and is secured by a second charge over substantially all of the assets of the Company and its subsidiaries.
Paramount has also extended the maturity date of the Syndicated Credit Facility to December 15, 2029. The Syndicated Credit Facility continues to have an accordion feature, which enables the capacity of the facility to be increased to up to $750 million, subject to obtaining incremental lender commitments and the Company achieving average quarterly production of at least 55,000 Boe/d for two consecutive fiscal quarters. The Syndicated Credit Facility is financial covenant based and secured by a first charge over substantially all of the assets of the Company and its subsidiaries.
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Industry
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Energy
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| Related Tags |
Export Development Canada
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ABL Advisor
Deal Tables
2026
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