Bellatrix Exploration Ltd BXE.TO :
* BELLATRIX ANNOUNCES RECAPITALIZATION TRANSACTION
* BELLATRIX EXPLORATION LTD - PROPOSED DEAL WOULD REDUCE COMPANY'S TOTAL OUTSTANDING DEBT BY APPROXIMATELY C$110 MILLION (APPROXIMATELY 23%)
* BELLATRIX EXPLORATION - TRANSACTION ADDRESS DEBT MATURITIES SUCH THAT CO WOULD HAVE NO MATURITY DATES IN RESPECT OF ANY NON-REVOLVING DEBT UNTIL 2023.
* BELLATRIX EXPLORATION LTD - RECAPITALIZATION TRANSACTION INVOLVES AN EXCHANGE OF ALL OF COMPANY'S OUTSTANDING 8.5% SENIOR UNSECURED NOTES DUE 2020
* BELLATRIX EXPLORATION LTD - EXISTING SENIOR BANK CREDIT FACILITY THAT MATURES ON NOVEMBER 30, 2019 TO BE EXTENDED FOR A ONE-YEAR TERM