Impact: Positive. The amended covenant package should provide Trinidad with additional flexibility should the duration of the downturn continue to extend. Furthermore, the 2016e capital program should allow Trinidad to remain FCF positive in 2016e.
14 Dec 2015
TRINIDAD DRILLING LTD. (TDG) AMENDS CREDIT FACILITY AND COVENANTS, ANNOUNCES 2016E CAPEX AND ADDITIONAL COST CUTTING MEASURES
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TRINIDAD DRILLING LTD. (TDG) AMENDS CREDIT FACILITY AND COVENANTS, ANNOUNCES 2016E CAPEX AND ADDITIONAL COST CUTTING MEASURES
Trinidad Drilling (TDG:TSE) | 0 0 -1.1% | Mkt Cap: 481.3m
- Published:
14 Dec 2015 -
Author:
Ian B. Gillies -
Pages:
3
Impact: Positive. The amended covenant package should provide Trinidad with additional flexibility should the duration of the downturn continue to extend. Furthermore, the 2016e capital program should allow Trinidad to remain FCF positive in 2016e.