TMX Newsfile·2025-12-19 23:01Core Viewpoint - Baytex Energy Corp. has successfully closed the sale of its U.S. Eagle Ford Assets for net proceeds of US$2.14 billion (approximately CAD 2.96 billion), significantly enhancing its financial position and allowing for a focused strategy on a high-return Canadian energy platform [1][2]. Financial Position - The divestiture strengthens Baytex's financial standing, resulting in a net cash position for the company [2]. - A portion of the proceeds will be allocated to repay outstanding credit facilities and redeem the 8.500% Senior Notes due 2030, along with a cash tender offer for the US$575 million of 7.375% Senior Notes due 2032 [2]. Shareholder Returns - Baytex is committed to returning a significant portion of the net proceeds (after debt repayment) to shareholders and plans to resume purchases under its normal course issuer bid [3][5]. Future Guidance - The company is expected to release its 2026 guidance on December 22, 2025 [3]. Company Overview - Baytex Energy Corp. is based in Calgary and focuses on creating shareholder value through disciplined execution, operating a high-quality portfolio in the Western Canadian Sedimentary Basin, including the Pembina Duvernay and heavy oil plays in Alberta and Saskatchewan [10].