Obsidian Energy Completes Offer to Purchase $1.4 Million of Our Outstanding Senior Unsecured Notes

Core Points - Obsidian Energy has completed its offer to purchase up to $48.4 million of its outstanding 11.95 percent Senior Unsecured Notes due July 27, 2027, with the offer expiring on August 12, 2025 [1][2] - The offer was undersubscribed, with only approximately $1.4 million of the Notes validly tendered [2] - Following the completion of the offer, Obsidian Energy has $110.8 million of Notes outstanding [3] Offer Details - The aggregate purchase consideration paid by the company was $1.4 million, with Notes accepted for purchase only in minimum denominations of $2,000 [2] - Settlement of the offer was completed, and holders will receive payment for the accepted Notes as soon as practicable [3] Company Overview - Obsidian Energy is an intermediate-sized oil and gas producer with a portfolio of high-quality assets primarily located in Alberta [5] - The company is engaged in exploring, developing, and holding interests in oil and natural gas properties within the Western Canada Sedimentary Basin [5][6]