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Baytex Energy Corp. Sells U.S. Assets to Strengthen Financial Position
Financial Modeling Prep· 2025-12-22 00:00
Baytex Energy Corp. (TSX:BTE) has sold its U.S. Eagle Ford assets for net proceeds of $2.14 billion USD, enhancing its financial flexibility.The company plans to use the proceeds to repay debt, including redeeming its 8.50% Senior Notes due 2030 and tendering its $575 million USD of 7.37% Senior Notes due 2032.Baytex is set to resume share purchases under its normal course issuer bid, signaling confidence in its financial health and future prospects.Baytex Energy Corp. (TSX:BTE) has made a strategic decisio ...