Mergers & Acquisitions ·
On July 13, 2026, Greenfire Resources Ltd. entered into a definitive agreement to acquire all issued and outstanding…
GFR-RIGreenfire Resources Ltd.
On July 13, 2026, Greenfire Resources Ltd. entered into a definitive agreement to acquire all issued and outstanding Class A common shares of Connacher Oil and Gas Limited for $1.29 billion in cash, subject to closing adjustments. To fund the acquisition, Greenfire secured commitment letters for $725 million in incremental revolving credit facilities and a $575 million equity bridge credit facility from Bank of Montreal and National Bank of Canada. Additionally, Greenfire intends to launch a rights offering for at least $575 million, with Waterous Energy Fund (holding ~72% of Greenfire) providing a standby commitment for the full amount. The offer was sent on July 14, 2026, and remains open until August 4, 2026, with an expected closing date around August 12, 2026. The company operates in the oil and gas industry, focusing on exploration, development, and production.