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Obsidian Energy (OBE) is attempting to get the revolving period of its credit facility extended, but is facing significant challenges in doing so. The credit facility lenders are willing to extend the revolving period, but only if Obsidian gets a rent reduction and the credit facility doesn't take on the additional risk from Obsidian's near-term senior note maturities.
Negotiations are ongoing to extend the senior note maturities, although the first deadline already passed and the March 16 note maturity means another extension beyond that date is unlikely.