Baytex Energy Ltd. Completes Exchange Offer.Energy Editors/Business Editors CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , Alberta--(BUSINESS WIRE)--July 9, 2003 Baytex Energy Ltd. (TSX-BTE) ("Baytex") announced today that it successfully completed its exchange offer relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. $150,000,000 of its outstanding 10 1/2% senior subordinated Subordinated A claim ranked lower in priority than other claims. Common stock claims are always subordinated to debt. notes due 2011 (the "Old Notes"). $149,753,000 aggregate principal amount of the Old Notes were validly tendered in the exchange offer. This amount represents 99.84% of the outstanding Old Notes. Baytex issued $179,699,000 of 9 5/8% senior subordinated notes due 2010 today in exchange for the Old Notes. |
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