Sept 16 (Reuters) - Parallel Energy Trust PLT_u.TO :
* Announces update on bank facility
* Requested an extension from parallel's lending syndicate of its US$165
million credit facility
* Says facility will not be renewed on the same or similar terms and conditions
* Board is continuing to explore strategic alternatives as part of its
previously announced strategic alternatives process
* Says Parallel is working with its lenders on alternative arrangements
* Source text for Eikon ID:nCNW5RdnKa
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