Bank Extends Canadian Superior's Repayment Date

Canadian Superior and the Canadian Western Bank have reached an accommodation whereby the demand for repayment of all amounts outstanding under Canadian Superior's $37.5 million credit facility with the Bank by February 23, 2009 has been extended to February 27, 2009.

The credit facility was reduced last week with a payment of approximately $9 million made to the Bank by the Company. Negotiations are continuing between the parties concerning the orderly repayment of the credit facility.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


Brent Crude Oil : $54.94/BBL 0.88%
Light Crude Oil : $51.79/BBL 0.21%
Natural Gas : $3.65/MMBtu 6.10%
Updated in last 24 hours