Baytex Energy Corp. has completed the sale of its U.S. Eagle Ford assets to an undisclosed buyer for US$2.14 billion (approximately CDN$2.96 billion) in cash. Following the transaction, Baytex is now in a net cash position. The proceeds were used to repay outstanding credit facilities, redeem 8.500% Senior Notes due 2030, and complete an early tender for US$575 million of 7.375% Senior Notes due 2032. The company expects to record a loss on disposition of approximately $250 to $350 million and a deferred tax expense of about $140 million as a result of the transaction. A new $750 million covenant-based credit facility has also been secured, extending maturity to June 2030.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Baytex Energy Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001279495-25-000047), on December 23, 2025, and is solely responsible for the information contained therein.