With this debt repayment, MEG currently has CA$564.0m remaining in cash and short-term investments , ready to deploy into the business. MEG ENERGY: announces first quarter 2020 free cash flow of $24 million, ... IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. MEG Energy Corp.: Covenant Quality Post-Sale Snapshot: $750m 6.500% Senior Secured Second Lien Notes due 2025. MEG Energy announces ... Management remains committed to applying all free cash flow above its 2020 capital investment plan to further debt reduction. “Since making that commitment to shareholders MEG has repaid $633 million of long-term debt, entered into a new modified-covenant-lite 5-year credit facility, refinanced US$1.2 billion of existing indebtedness, significantly reduced ongoing G&A expense and posted record low annual non-energy operating costs. MEG remains committed to debt reduction going forward and will continue to direct available free cash flow to debt repayment. MEG Energy announces record $195 million free cash flow, $285 million debt repayment and new 5-Year Credit Facility The company owns a 100% interest in approximately 750 square miles of mineral leases. Get the annual and quarterly balance sheet of MEG ENERGY CORP. (MEG.TO) including details of assets, liabilities and shareholders' equity. Over the past year, MEG has reduced its debt from CA$4.84b to CA$3.62b – this includes both the current and long-term debt. How much cash does MEG generate through its operations?

MEG Energy reported C$4690652 in Net Debt for its third quarter of 2019. MEG Energy Corp., an energy company, focuses on sustainable in situ thermal oil production in the southern Athabasca region of Alberta, Canada. Approximately US$2.6 billion of rated debt affected Toronto, August 01, 2019 -- Moody's Investors Service (Moody's) upgraded MEG Energy Corp.'s (MEG) Corporate Family Rating (CFR) to B2 from B3, Probability of Default Rating to B2-PD from B3-PD, second lien secured notes to Ba3 from B3, and senior unsecured notes rating to B3 from Caa2. Debt holders of MEG Energy Corp. are betting the Canadian oil-sands developer will accept a sweetened takeover bid from Husky Energy Inc. -- or from another interested bidder.