Pengrowth Energy to sell remaining Swan Hills assets for $185M

|About: Pengrowth Energy Corporation (PGH)|By:, SA News Editor

Pengrowth Energy (NYSE:PGH) agrees to sell its remaining Swan Hills assets in Alberta for $185M.

When combined with $522M of proceeds from its earlier Lindbergh GORR, Swan Hills and Bernadet asset sales, the proceeds from the latest sale will result in $707M of total disposition proceeds YTD.

PGH plans to use the sale proceeds to reduce debt, including prepaying the remaining outstanding US$100M of the 6.35% senior term notes scheduled to mature on July 26.