Southern Pacific Resource Corp (STP.TO) 0.27 $STP.TO
Southern Pacific Completes CAD$150 Million First Lien Term Loan
Marketwire - Mon Mar 31, 4:02PM CDT
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company"
(TSX: STP) announced today that it has closed the previously announced loan agreement with Credit Suisse AG and its affiliate for a new first lien term loan facility with an aggregate principal amount equal to the U.S. dollar equivalent amount of CAD$150,000,000. The new first lien loan has a five year term with a maturity date on March 31, 2019 and will bear interest at LIBOR plus 10%.
IIROC Trade Resumption - STP (all issues)
CNW Group - Thu Mar 27, 7:27AM CDT
Trading resumes in:
Southern Pacific Announces New First Lien Term Loan Facility Enhancing Balance Sheet Liquidity
Marketwire Canada - Wed Mar 26, 4:11PM CDT
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company" (TSX:STP) announced today that further to the ongoing review of strategic and financial alternatives, it has entered into a fully underwritten loan agreement with Credit Suisse AG and its affiliate for a new first lien term loan facility with an aggregate principal amount equal to the U.S. dollar equivalent amount of CAD$150,000,000. The new first lien loan will have a five year term with a maturity date on or about March 28, 2019 and will bear interest at LIBOR plus 10%. The new facility will replace its existing CAD$100,000,000 first lien credit facility which currently has a CAD$85,000,000 availability limit and matures on May 31, 2014. The new first lien term loan facility will be provided by a syndicate of institutional investors with Credit Suisse AG, and is expected to close and be funded on or about March 28, 2014, subject to customary closing conditions. Additionally, at the Company's election, any optional prepayments upon the occurrence of a Change of Control shall be made at 102% of the principal amount.
IIROC Trading Halt - STP (all issues)
CNW Group - Wed Mar 26, 2:55PM CDT
The following issues have been halted by IIROC:
Southern Pacific Improves Production Rates at STP-McKay With Inflow Control Devices
Marketwire - Mon Mar 17, 6:01AM CDT
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company" (TSX: STP) today announced an operational update highlighted by continued positive results from its inflow control devices ("ICD" recently installed into the 2P1 and 1P5 well pairs at its STP-McKay Thermal Project.
Southern Pacific Announces Financial and Operational Results for the Quarter Ended December 31, 2013
Marketwire - Mon Feb 10, 4:50PM CST
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company" (TSX: STP) today announced its financial and operational results for the quarter ended December 31, 2013 ("Q2 2014".
Southern Pacific Announces Amendment to Current Credit Facility
Marketwire - Fri Jan 31, 3:31PM CST
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company" (TSX: STP) today announced that in addition to the Company's previously announced strategic review process, which included revised forecasted production guidance at STP-McKay, the Company has completed an amendment to its existing credit facility in which the availability on the credit facility will be $85 million, with the $100 million borrowing base remaining in place. This arrangement is effective until May 31, 2014 which aligns with the expected timing of the strategic alternatives process. It also allows for the Company to continue with its previously announced capital expenditure program at STP-McKay to install Inflow Control Device ("ICD" configurations into two of the SAGD well pairs.
IIROC Trade Resumption - STP
CNW Group - Wed Dec 11, 8:19AM CST
Trading resumes in:
IIROC Trading Halt - STP
CNW Group - Wed Dec 11, 8:03AM CST
The following issues have been halted by IIROC:
Southern Pacific Announces Review of Strategic Alternatives to Enhance Shareholder Value and Provides Operational Update
Marketwire - Wed Dec 11, 7:50AM CST
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company" (TSX: STP) today announces that its Board of Directors has initiated a process to identify, examine and consider strategic and financial alternatives available to the Company with the ultimate view of enhancing shareholder value.
Southern Pacific Announces Meeting Results
Marketwire - Thu Nov 21, 6:55PM CST
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company" (TSX: STP) is pleased to announce that at the annual general and special meeting held in Calgary, Alberta on November 21, 2013 (the "Meeting", holders of common shares of Southern Pacific: (i) re-elected Byron C. Lutes, David M. Antony, Sid W. Dykstra, Kenneth N. Cullen, J. Ward Mallabone, Ross D.S. Douglas and Tibor Fekete to the Board of Directors; (ii) re-appointed Deloitte LLP, as Southern Pacific's auditors; and (iii) approved the amendment to the By-Laws of Southern Pacific to include advance notice provisions.
Southern Pacific Provides October Operational Update
Marketwire - Thu Nov 14, 3:44PM CST
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company" (TSX: STP) today provided an operational update for the month of October 2013 with respect to the Company's STP-McKay and STP-Senlac thermal projects.
Southern Pacific Completes CAD$150 Million First Lien Term Loan
Marketwire - Mon Mar 31, 4:02PM CDT
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company"
(TSX: STP) announced today that it has closed the previously announced loan agreement with Credit Suisse AG and its affiliate for a new first lien term loan facility with an aggregate principal amount equal to the U.S. dollar equivalent amount of CAD$150,000,000. The new first lien loan has a five year term with a maturity date on March 31, 2019 and will bear interest at LIBOR plus 10%. IIROC Trade Resumption - STP (all issues)
CNW Group - Thu Mar 27, 7:27AM CDT
Trading resumes in:
Southern Pacific Announces New First Lien Term Loan Facility Enhancing Balance Sheet Liquidity
Marketwire Canada - Wed Mar 26, 4:11PM CDT
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company"
(TSX:STP) announced today that further to the ongoing review of strategic and financial alternatives, it has entered into a fully underwritten loan agreement with Credit Suisse AG and its affiliate for a new first lien term loan facility with an aggregate principal amount equal to the U.S. dollar equivalent amount of CAD$150,000,000. The new first lien loan will have a five year term with a maturity date on or about March 28, 2019 and will bear interest at LIBOR plus 10%. The new facility will replace its existing CAD$100,000,000 first lien credit facility which currently has a CAD$85,000,000 availability limit and matures on May 31, 2014. The new first lien term loan facility will be provided by a syndicate of institutional investors with Credit Suisse AG, and is expected to close and be funded on or about March 28, 2014, subject to customary closing conditions. Additionally, at the Company's election, any optional prepayments upon the occurrence of a Change of Control shall be made at 102% of the principal amount. IIROC Trading Halt - STP (all issues)
CNW Group - Wed Mar 26, 2:55PM CDT
The following issues have been halted by IIROC:
Southern Pacific Improves Production Rates at STP-McKay With Inflow Control Devices
Marketwire - Mon Mar 17, 6:01AM CDT
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company"
(TSX: STP) today announced an operational update highlighted by continued positive results from its inflow control devices ("ICD" recently installed into the 2P1 and 1P5 well pairs at its STP-McKay Thermal Project. Southern Pacific Announces Financial and Operational Results for the Quarter Ended December 31, 2013
Marketwire - Mon Feb 10, 4:50PM CST
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company"
(TSX: STP) today announced its financial and operational results for the quarter ended December 31, 2013 ("Q2 2014". Southern Pacific Announces Amendment to Current Credit Facility
Marketwire - Fri Jan 31, 3:31PM CST
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company"
(TSX: STP) today announced that in addition to the Company's previously announced strategic review process, which included revised forecasted production guidance at STP-McKay, the Company has completed an amendment to its existing credit facility in which the availability on the credit facility will be $85 million, with the $100 million borrowing base remaining in place. This arrangement is effective until May 31, 2014 which aligns with the expected timing of the strategic alternatives process. It also allows for the Company to continue with its previously announced capital expenditure program at STP-McKay to install Inflow Control Device ("ICD" configurations into two of the SAGD well pairs. IIROC Trade Resumption - STP
CNW Group - Wed Dec 11, 8:19AM CST
Trading resumes in:
IIROC Trading Halt - STP
CNW Group - Wed Dec 11, 8:03AM CST
The following issues have been halted by IIROC:
Southern Pacific Announces Review of Strategic Alternatives to Enhance Shareholder Value and Provides Operational Update
Marketwire - Wed Dec 11, 7:50AM CST
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company"
(TSX: STP) today announces that its Board of Directors has initiated a process to identify, examine and consider strategic and financial alternatives available to the Company with the ultimate view of enhancing shareholder value. Southern Pacific Announces Meeting Results
Marketwire - Thu Nov 21, 6:55PM CST
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company"
(TSX: STP) is pleased to announce that at the annual general and special meeting held in Calgary, Alberta on November 21, 2013 (the "Meeting", holders of common shares of Southern Pacific: (i) re-elected Byron C. Lutes, David M. Antony, Sid W. Dykstra, Kenneth N. Cullen, J. Ward Mallabone, Ross D.S. Douglas and Tibor Fekete to the Board of Directors; (ii) re-appointed Deloitte LLP, as Southern Pacific's auditors; and (iii) approved the amendment to the By-Laws of Southern Pacific to include advance notice provisions. Southern Pacific Provides October Operational Update
Marketwire - Thu Nov 14, 3:44PM CST
Southern Pacific Resource Corp. ("Southern Pacific" or the "Company"
(TSX: STP) today provided an operational update for the month of October 2013 with respect to the Company's STP-McKay and STP-Senlac thermal projects. 
