Impact: Neutral, given the relaxation of covenants on the Company's bank facility was not unexpected given prior agreements reached between other E&Ps and lending syndicates.
01 Jun 2015
LONG RUN EXPLORATION LTD. (LRE) ANNOUNCES UNCHANGED $695 MM CREDIT FACILITY, RELAXATION OF COVENANTS
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LONG RUN EXPLORATION LTD. (LRE) ANNOUNCES UNCHANGED $695 MM CREDIT FACILITY, RELAXATION OF COVENANTS
Impact: Neutral, given the relaxation of covenants on the Company's bank facility was not unexpected given prior agreements reached between other E&Ps and lending syndicates.