The chart illustrates that NuVista Energy (NVA.TO) stock despite starting from C$3.5700 on June 22, price day by day rose by fluctuating to C$4.1000 on July 5. However, it fell significantly to C$3.8500 on July 7. Finally, after climbing and declining from C$3.9500 on July 9 to C$3.4500 on July 19, the price considerably rose to C$3.7300 on July 20.NuVista Energy has reported that it concluded an underwriting agreement for sale on basis of private accommodation high unsupported bond amount to $230 million with the total principal of 7.875% maturing on July 23, 2026, which was raised from an earlier announced offer of $200 million. The bonds will be released at $989.89 raised by the price of the principal sum of $1,000.00.
This principal amount under the new trust agreement will be a direct priority unfunded NuVista rating equal to all other current and future priority unsecured debts of the Company. Expected that the closing proposal will be conducted on July 13, 2021, or about subject to normal closure conditions. Furthermore, several directors and officers of NuVista have decided to acquire $3.0 million of the Notes.