Penn West Energy Trust Announces The Renewal of Its Bank Facility
Apr 30, 2010
CALGARY, ALBERTA--(Marketwire - April 30, 2010) - Penn West Energy Trust ("Penn West") (TSX:PWT.UN) (NYSE:PWE) announces that its wholly owned subsidiary, Penn West Petroleum Ltd., today closed the renewal of its unsecured, revolving bank facility for a three year term to April 30, 2013. The facility includes a syndicate of Canadian and International banks and has an aggregate borrowing limit of $2.25 billion on which Penn West is currently drawn approximately $1.2 billion. The renewal was jointly led by the Canadian Imperial Bank of Commerce and BMO Capital Markets.
Penn West trust units and debentures are listed on the Toronto Stock Exchange under the symbols PWT.UN, PWT.DB.C, PWT.DB.D, PWT.DB.E and PWT.DB.F and Penn West trust units are listed on the New York Stock Exchange under the symbol PWE.