Obsidian Energy Announces Offer to Purchase Senior Unsecured Notes

SEC Filing 6-K (0000950170-25-100678)

Obsidian Energy Ltd. has announced an offer to purchase up to $48.4 million of its outstanding 11.95 percent Senior Unsecured Notes due July 27, 2027. The offer, which expires on August 12, 2025, provides holders with $1,030 per $1,000 principal amount of Notes, plus accrued interest. The settlement is expected on August 15, 2025. The offer is subject to certain conditions and may be amended, extended, or terminated by Obsidian Energy. The company may also increase the maximum purchase consideration. The offer is not conditional on a minimum amount of Notes being tendered. If the aggregate purchase price exceeds the maximum consideration, Notes will be accepted on a pro rata basis. The offer is made pursuant to an Offer to Purchase, a related letter of transmittal, and a notice of guaranteed delivery.