Cequence Energy Ltd. announced that its senior lender has completed a redetermination of the borrowing base under the company’s senior secured credit facility, and has confirmed the borrowing base remains at $7 million. Other than outstanding letters of credit totalling approximately $1.5 million, the company currently has no amounts drawn under the Credit Facility. The company also announced that it has been advised that its $60 million second lien senior secured term loan facility due October 3, 2022 (the “Term Loan”) have been purchased from CPPIB Credit Investments Inc. (“CPPIB Credit”).