Market Impact: Positive. WesternZagros has amended its US$200 mm unsecured and undrawn credit facility. The revised drawdown dates are now expected to more appropriately match capital spending. The Company's current working capital is sufficient to meet the current commitments in 2016e.
27 Apr 2016
INCREASES DEBT FACILITY FLEXIBILITY
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INCREASES DEBT FACILITY FLEXIBILITY
WESTERNZAGROS RESOURCES (WZR:TSE) | 0 0 0.0%
- Published:
27 Apr 2016 -
Author:
Darren B. Engels -
Pages:
2
Market Impact: Positive. WesternZagros has amended its US$200 mm unsecured and undrawn credit facility. The revised drawdown dates are now expected to more appropriately match capital spending. The Company's current working capital is sufficient to meet the current commitments in 2016e.