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Penn West Petroleum Announces Renewal Of Its Bank Facility

6/15/2012 5:44 PM ET

Penn West Petroleum Ltd. (PWT.TO: Quote) announced the renewal of its unsecured, revolving bank facility on June 15, 2012 . The facility has a four year term maturing on June 30, 2016 and includes a syndicate of Canadian and International banks.

The company said the facility has an aggregate borrowing limit of $3.0 billion and this renewal was jointly led by BMO Capital Markets and Canadian Imperial Bank of Commerce.

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by RTT Staff Writer

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