Peyto Exploration & Development Corp. Announces Refinancing of Senior Notes
Peyto Exploration & Development Corp. (TSX: PEY, OTC: PEYUF) reported on January 5, 2026 that it issued $100 million of senior secured notes. The notes carry a coupon rate of 5.03 % and are scheduled to mature on January 5, 2033. The issuance was conducted through a private placement, with the proceeds expected to be used for general corporate purposes, including potential capital expenditures and debt restructuring.
The new debt replaces or supplements existing financing arrangements, providing the company with a longer‑term debt structure at a competitive interest rate. The 5.03 % coupon is modest compared with prevailing market rates for similar credit profiles in the energy sector.
Peyto Exploration & Development Corp. is a Canadian oil and gas exploration and production company headquartered in Calgary, specializing in unconventional natural gas from Alberta’s Deep Basin. The company is listed on the Toronto Stock Exchange, and its market capitalization stands at approximately CAD 4.57 billion as of the close on January 1, 2026. The 52‑week trading range for the company’s shares is CAD 14.57 to CAD 23.74, with a current close of CAD 22.62. Its price‑to‑earnings ratio is 12.32.
This refinancing aligns with Peyto’s broader strategy of maintaining a balanced capital structure to support exploration and development activities while managing debt maturities. The company’s financial statements will reflect the addition of the new senior notes and the associated interest expense in the upcoming reporting periods.
