Obsidian Energy launches $75 million add-on sale of 8.125% senior unsecured notes due 2030

Obsidian Energy launched a private placement of an add-on USD 75 million 8.125% senior unsecured notes due Dec. 3, 2030.

• Notes priced at 102.75, implying a 7.186% yield, for gross proceeds of USD 77.1 million.
• The transaction lifts total notes outstanding to USD 250 million from USD 175 million.
• Closing is expected around July 22, 2026.
• Proceeds are earmarked for syndicated credit facility paydown, general corporate purposes and transaction costs.