Exall Energy Corporation announced that it has signed a Debenture Purchase Commitment Letter with a private Canadian lender pursuant to which the Lender will lend $35 million to the Corporation. The agreement contemplates the closing and the issue of the underlying debenture for principal amount of $35 million, the proceeds of which will be used to pay out in full all amounts outstanding under the current credit facilities with Exall's current senior Canadian lender.
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- Exall Energy Corporation Signs Agreement for $35 Million Debenture to Replace Existing Senior Facility