Peyto Exploration & Development Corp. announces refinancing of senior notes

Peyto Exploration & Development Corp. (TSX: PEY,OTC:PEYUF) (“Peyto” or the “Company”) is pleased to announce that it issued $100 million in senior secured notes on January 5, 2026. The notes have a coupon rate of 5.03% and mature on January 5, 2033. The notes were issued through a private placement under a private shelf arrangement and are co-equal to Peyto’s obligations under its credit facilities and existing note purchase agreements and private shelf arrangements. The interest is paid semi-annually in arrears. The proceeds from the notes were used to redeem Peyto’s $100 million notes, which matured on January 3, 2026.

The senior notes have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Jean-Paul Lachance
President and CEO
Phone: (403) 261-6081
Fax: (403) 451-4100
info@peyto.com

Certain information in this document, including management’s assessment of Peyto’s future plans and operations, contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the control of these parties, including the impact of general economic conditions, industry conditions, commodity price volatility, currency fluctuations, inaccuracy of reserve estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and the ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in preparing such information, although considered reasonable at the time of preparation, may prove to be inaccurate and as such undue reliance should not be placed on forward-looking statements. Peyto’s actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. Accordingly, there can be no assurance that the events anticipated by the forward-looking statements will occur or occur, or, if any of them do, what benefits Peyto will derive from them. The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.