Delphi Energy Announces Increase in Credit Facility and Expansion of Syndicate

CALGARY, Alberta, Nov. 30, 2017 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) is pleased to announce that the borrowing base of its senior secured credit facility has increased from $80 million to $95 million.  In conjunction with the increase, Bank of Montreal has joined the syndicate of lenders led by Alberta Treasury Branches and including The Bank of Nova Scotia.

Delphi is currently drawn $25 million on the credit facility.

About Delphi Energy Corp.

Delphi Energy Corp. is an industry-leading producer of liquids-rich natural gas.  The Company has achieved top decile results through the development of our high quality Montney property, uniquely positioned in the Deep Basin of Bigstone, in northwest Alberta. Delphi continues to outperform key industry players by improving operational efficiencies and growing our dominant Bigstone land position in this world-class play. Delphi is headquartered in Calgary, Alberta and trades on the Toronto Stock Exchange under the symbol DEE.