Bonavista Energy Corporation

Recent News

  • Bonavista Completes Recapitalization Transaction

    Calgary, Alberta--(Newsfile Corp. - August 12, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") today announced the completion of its previously announced recapitalization transaction (the "Recapitalization Transaction") as further described in the Company's management information circular dated July 2, 2020 and implemented pursuant to a court-approved plan of arrangement under the Canada Business Corporations Act (the "Plan of Arrangement"). As previously announced, pursuant to the approvals obtained in respect of the Plan of Arrangement all existing shareholders,...

    2020-08-12 8:30 AM ET
  • Bonavista Obtains Final Court Order Approving its Recapitalization Transaction

    Calgary, Alberta--(Newsfile Corp. - August 4, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") today announced that, in connection with the previously announced recapitalization transaction (the "Recapitalization Transaction") described in the Company's management information circular dated July 2, 2020, the Company has obtained a final order (the "Final Order") from the Court of Queen's Bench of Alberta approving the plan of arrangement under the Canada Business Corporations Act (the "Plan of Arrangement") pursuant to which the...

    2020-08-04 9:15 PM ET
  • Bonavista Announces 2020 Second Quarter Results

    Calgary, Alberta--(Newsfile Corp. - July 30, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista") is pleased to report to shareholders its financial and operating results for the six months ended June 30, 2020. The financial statements and notes, as well as management's discussion and analysis, are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") at http://www.sedar.com and on Bonavista's website at www.bonavistaenergy.com.MESSAGE TO SHAREHOLDERSThe devastating health crisis and deceleration of the global economy has led to...

    2020-07-30 6:11 PM ET
  • Bonavista Announces Senior Noteholders and Shareholders Approve Recapitalization Transaction

    Calgary, Alberta--(Newsfile Corp. - July 30, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") today announced that at the meetings (the "Meetings") of holders (the "Senior Noteholders") of the Company's outstanding (i) 4.37% Notes due November 2, 2020; (ii) 4.25% Notes due October 25, 2021; (iii) 4.47% Notes due November 2, 2022; (iv) 3.68% Notes due May 23, 2023; (v) 4.09% Notes due May 23, 2023; (vi) 3.80% Notes due April 25, 2025; and (vii) 3.78%...

    2020-07-30 4:01 PM ET
  • Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Bonavista Shareholders Vote for the Proposed Recapitalization Transaction and Related Matters at the Upcoming Shareholders Meeting

    Calgary, Alberta--(Newsfile Corp. - July 17, 2020) -  Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announces Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co., LLC ("Glass Lewis") have recommended that Bonavista shareholders vote FOR all of the resolutions relating to the proposed recapitalization of the Company that are outlined in Bonavista's management information circular dated July 2, 2020 prepared in respect of the annual and special meeting of Bonavista shareholders scheduled for July 30, 2020 at...

    2020-07-17 5:07 PM ET
  • Bonavista Obtains Interim Order and Announces Meeting Details In Connection With Recapitalization Transaction

    Calgary, Alberta--(Newsfile Corp. - June 19, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announced today that the Court of Queen's Bench of Alberta (the "Court") has issued an interim order (the "Interim Order") authorizing, among other things, the holding of the following meetings (collectively, the "Meetings"): (i) a meeting (the "Senior Noteholders' Meeting") of holders of the Company's outstanding: (i) 4.37% Notes due November 2, 2020; (ii) 4.25% Notes due October 25, 2021; (iii) 4.47%...

    2020-06-19 7:03 PM ET
  • Bonavista Announces Recapitalization Transaction

    Calgary, Alberta--(Newsfile Corp. - June 19, 2020) - Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announced today a proposed recapitalization transaction (the "Recapitalization Transaction") designed to balance the capital structure and strengthen the Company's overall financial position. The Recapitalization Transaction would, among other things, reduce the Company's total outstanding debt by approximately $482.6 million (representing 56% of the Company's current outstanding debt) and reduce cash interest payments by approximately $16 million annually (representing 43% of the Company's...

    2020-06-19 8:55 AM ET
  • Bonavista Energy Corporation Provides Financial Update

    Calgary, Alberta--(Newsfile Corp. - June 15, 2020) -  Bonavista Energy Corporation (TSX: BNP) ("Bonavista" or the "Company") announces that the period under which the previously announced forbearance agreements (the "Forbearance Agreements") among Bonavista and the lenders (the "Lenders") under the Company's amended and restated credit agreement dated as of September 8, 2017 (the "Credit Agreement") and the holders (the "Noteholders") of the Company's senior notes (collectively, the "Notes") has been extended to June 17, 2020 in order to continue negotiations...

    2020-06-15 7:18 PM ET