Core Points - Greenfire Resources Ltd. announced the expiration of its change of control offer for its 12.000% Senior Secured Notes due 2028, which ended on February 19, 2025, without extension [1] - A total of $5,000 in aggregate principal amount of the Notes was validly tendered and accepted for purchase, with settlement scheduled for February 24, 2025 [2] - The change of control was triggered by Waterous Energy Fund acquiring a 56.5% interest in Greenfire on December 23, 2024, necessitating the offer to purchase the Notes at 101% of their principal amount plus accrued interest [3] Company Overview - Greenfire is a junior oil sands producer focused on developing long-life and low-decline thermal oil assets in the Athabasca region of Alberta, Canada, aiming for capital-efficient production growth [5]
Greenfire Resources' Announces Expiration and Results of Change of Control Offer for Senior Secured Notes Due 2028