MEG Energy re-prices, increases and extends the maturity of its term loan

MEG Energy re-prices, increases and extends the maturity of its term loan 
CALGARY, Feb. 25, 2013 /CNW/ - MEG Energy Corp. ("MEG") announces that in 
light of favourable market conditions, it has re-priced and extended the 
maturity of its existing US$987.5 million term loan. The interest rate of the 
covenant-light term loan has been reduced by 25 basis points and the maturity 
has been extended by two years to March 2020. In addition to re-pricing and 
extending the term loan, MEG has also taken the opportunity to increase the 
term loan by US$300 million on the same terms and conditions. 
Barclays acted as the sole arranger and bookrunner in connection with the 
transaction. 
MEG Energy Corp. is focused on sustainable in situ oil sands development and 
production in the southern Athabasca oil sands region of Alberta, Canada. MEG 
is actively developing enhanced oil recovery projects that utilize SAGD 
extraction methods. MEG's common shares are listed on the Toronto Stock 
Exchange under the symbol "MEG." 
Investors Helen Kelly Director, Investor Relations (403) 767-6206 
helen.kelly@megenergy.com 
Media Brad Bellows Director, External Communications (403) 212-8705 
brad.bellows@megenergy.com 
SOURCE: MEG Energy Corp. 
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CO: MEG Energy Corp.
ST: Alberta
NI: OIL  
-0- Feb/25/2013 20:21 GMT
 
 
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