Saturn Saskatchewan

Battrum and Flat Lake Oil Assets Portfolio - Acquisition Financing

Borrower(s)
Saturn Saskatchewan
Industry
Oil & gas/Oil - Upstream (Exploration and production)
Area of finance
Project & Infrastructure Finance
Region
North America
North America
Countries
Canada

Deal Overview

Saturn Oil & Gas has entered into a definitive purchase agreement for the acquisition of Battrum and Flat Lake oil-weighted asset packages in southern Saskatchewan. To fund the acquisition, Saturn has secured C$775 million debt commitment from commercial banks. In conjunction with the...

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Deal Volume
$566.25m
Financial Close
06/05/2024
Dealmakers

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Tranches

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Project Deals

Battrum Oil Asset Portfolio
$650m
Greenfield
Oil - Upstream (Exploration and production)
North America
North America
Canada
Flat Lake Oil Asset Portfolio
$650m
Greenfield
Oil - Upstream (Exploration and production)
North America
North America
Canada