Greenfire Resources Completes Rights Offering and Refinancing Initiatives, Issues $298.5M in Gross Proceeds
ByAinvest
Friday, Dec 19, 2025 5:16 pm ET1min read
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Greenfire Resources has successfully completed a C$300.0 million rights offering, issuing 55.1 million common shares. The net proceeds were used to redeem its outstanding US$237.5 million senior secured notes due 2028. The company also closed a $275.0 million revolving credit facility, making it debt-free. This refinancing will support Greenfire's capital-efficient production growth and leverage its thermal oil assets in Alberta, Canada.
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