Vital energy announces new lender under existing credit facility

Calgary, alberta, april 03, 2024 (globe newswire) -- vital energy inc. (the "corporation") (tsx-v: vux) announces that, further to its december 5, 2023 news release, its existing $10 million credit facility (the “credit facility”) has been assigned from the existing lender, a company controlled by mr. hai zhou (a director and control person of the corporation), to an arm's length third party lender. ‎the terms of the credit facility remain unchanged, such that the credit facility matures on december 4, 2024 and ‎funds advanced bear interest at a rate of 12% per annum, payable on the maturity date. ‎
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