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Razor Energy Corp. will be deferring the scheduled June 30, 2020 interest payment to the Alberta Investment Management Corporation (AIMCo) under the existing $45.0 million Term Loan Facility.
The interest will be capitalized, adding to the principal of the existing Amended Term Loan Facility.
The Amended Term Loan Facility matures on January 31, 2021 and bears an interest rate of 10% per annum.
More Financial Trouble - Missed Payment News
DISTRESS TRACKER: Bankruptcies, Defaults, Forbearance, Skipped Payments, Etc.
Tracking company that are in financial distress. This list entails : bankruptcies skipped interest payments broken debt covenants extension of forbearance and more..
UPDATE: Oasis, Lenders Discussing Restructuring Following Missed Interest Payment
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Another STACK Operator Enters Forbearance with Lenders, Misses Payment
Chaparral Energy has entered into forebearance with its lenders as well as missed its latest interest payment, according to its July 15, 2020 8-K filed with the SEC.…
Eagle Ford Focused, Lonestar Skips Interest Payment
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Denbury Skips Interest Payment; Draws Down Credit Facility by $200MM
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Canada News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
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Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…
North America News
Baytex 2026 Development Plans
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Tourmaline: 2026 Capital Program Locked In at $2.9B
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Cenovus Outlines 2026 Development Plan Following MEG Integration
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Gran Tierra Energy To Step Down Activity in 2026
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Advantage Plans $300–$330MM 2026 Capital Program
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