Vermilion Energy Financial and Operational Overview
VERMILION
ENERGY
BALANCE SHEET COMPOSITION
CURRENT CREDIT CAPACITY C$2.5 BILLION ► No near-term maturities
AS AT SEPTEMBER 30, 2020
$0.4 B
O
Covenant-based credit facility termed out to May 2024
US$ Senior Notes termed out to March 2025
► Vermilion's US$ Senior Notes have no financial covenants***
$0.4 B
$1.7 B
4-Year Covenant-based Credit Facility
Financial Covenants
Covenant
YE 2019 Q3 2020
REVOLVING CREDIT FACILITY
US$ Senior Notes
Total debt Consolidated EBITDA*
Senior debt / Consolidated EBITDA*
Interest Coverage Ratio*
Less than 4.0
Less than 3.5
Greater than 2.5
1.9
3.2
1.6
2.6
13.5
9.3
Bank
Debt
Undrawn
Capacity
Moody's: B2
S&P: B+
Fitch: BB-
AMPLE LIQUIDITY WITH LONG TERM TO MATURITY, LOW SERVICE COST, AND STRONG COVENANT COVERAGE
* Values as defined in the credit agreement. ** The terms of the indenture limit the ability to, among other things: make certain payments/distributions, incur additional indebtedness or perform certain
corporate restructurings.
VET: TSX
NYSE
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