Ophir Energy Plc New Debt Facility Signed (6613I)
21 Juni 2017 - 8:00AM
UK Regulatory
TIDMOPHR
RNS Number : 6613I
Ophir Energy Plc
21 June 2017
21 June 2017
Ophir Energy plc
("Ophir")
New Debt Facility Signed
Ophir announces that it has signed a new US$250 million Reserve
Based Lending Facility ("RBL") secured against the Group's
producing assets in Southeast Asia. In addition to the committed
US$250 million, a further US$100 million is available on an
uncommitted "accordion" basis. The RBL has a seven year term and
matures on 30 June 2024.
The RBL replaces Ophir's existing RBL facility which matures in
December 2019. The new RBL facility is currently undrawn.
The facility has been provided by Australia and New Zealand
Banking Group Limited, BNP Paribas, Commonwealth Bank of Australia,
Crédit Agricole, HSBC, Société Générale and Standard Chartered.
Rothschild and Ashurst advised Ophir and Herbert Smith Freehills
advised the banks.
Commenting on the new facility, Tony Rouse, CFO of Ophir
said:
"We are pleased to have the continued support from our key
relationship banks and to welcome new lenders into the facility.
The combination of existing cash, this credit facility and cash
flows from operations will provide the capital for Ophir to
continue to invest to maximise the cash generation of its
production and development portfolio."
For further enquiries please contact:
Ophir Energy plc + 44 (0) 20 7811 2400
Tony Rouse, CFO
Geoff Callow, Head of IR and Corporate Communications
Brunswick (PR Adviser to Ophir) +44 (0) 20 7404 5959
Patrick Handley
Wendel Verbeek
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGRFMMLTMBJTBMR
(END) Dow Jones Newswires
June 21, 2017 02:00 ET (06:00 GMT)
Ophir Energy (LSE:OPHR)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Ophir Energy (LSE:OPHR)
Historical Stock Chart
Von Jul 2023 bis Jul 2024
Echtzeit-Nachrichten über Ophir Energy Plc (Londoner Börse): 0 Nachrichtenartikel
Weitere Ophir Energy News-Artikel