Valeura Energy (VLE.TO) said Wednesday it established a revolving credit line of up to $75 million which includes an uncommitted accordion feature allowing total commitments to be increased by up to $250 million, for a total $325 million.
The facility complements Valeura's existing cash position of $320 million at the end of its fiscal second quarter, a statement said.
Valeura Energy shares were last seen up C$0.19, to C$12.62, on the Toronto Stock Exchange.
Price: $12.60, Change: $+0.17, Percent Change: +1.37%