Providence Resources agrees new 250 mln usd revolving credit facility |
|
|
|
Published
:
Fri, 30 Nov 2007 08:09
|
LONDON (Thomson Financial) - Providence Resources PLC said it has agreed a 250 mln usd senior first lien secured revolving credit facility with Macquarie Bank Ltd to replace and refinance the previous line of credit it had with the bank, which was agreed in February last year.This new facility will be used for general working capital, to fund the balance of the Singleton acquisition, for drilling and completion of wells on existing assets, oil and gas acquisitions and investments and development opportunities as they arise.The new facility has a 5-year term to December 2012, replacing the current financing facility, which was due to mature in April 2010.tf.TFN-Europe_newsdesk@thomson.compmi/vlbCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
|
|
|
|
Print this Story
Pulte Homes amends credit facility 