Market Impact: Slightly Positive. Pacific has obtained waivers from its lenders in respect to the covenant that requires the Company to maintain its consolidated net worth above US$1 billion. The amendment was supported by 100% of the lending syndicate, which is comprised of 28 banks. The waiver is scheduled to terminate on December 28, 2015.

29 Sep 2015
PACIFIC EXPLORATION & PRODUCTION CORP. (PRE) ANNOUNCES COVENANT RELIEF

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PACIFIC EXPLORATION & PRODUCTION CORP. (PRE) ANNOUNCES COVENANT RELIEF
Pensana Plc (PRE:LON) | 23.2 -0.1 (-1.7%) | Mkt Cap: 67.3m
- Published:
29 Sep 2015 -
Author:
Darren B. Engels -
Pages:
2 -
Market Impact: Slightly Positive. Pacific has obtained waivers from its lenders in respect to the covenant that requires the Company to maintain its consolidated net worth above US$1 billion. The amendment was supported by 100% of the lending syndicate, which is comprised of 28 banks. The waiver is scheduled to terminate on December 28, 2015.