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An Athabasca Oil Corp. operation. (Lenny Lane/Athabasca Oil Corp.)
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Athabasca issues debt as foreign joint venture stumbles
TIM KILADZE
— The Globe and Mail
Published
Last updated
With its joint venture in limbo, Athabasca Oil Corporation is tapping the private debt market for fresh cash.
Early Monday morning, Athabasca announced that it’s looking to raise $600-million of new debt to develop its thermal and light oil projects. The company’s also trying to hash out the details on a $150-million credit facility.
