i3 has entered into a term sheet for a £24 mm Junior Loan Note Facility. A European Investment Manager with assets under management in excess of £1 bn has agreed to subscribe for £12 mm of the Loan Notes. The remainder of the Loan Notes are expected to be issued to one or more syndicate members and/or offtake providers who are also potential lenders in i3's US$100 mm senior debt facility which is under negotiation.
25 Feb 2019
Important milestone to fund 2019 drilling
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Important milestone to fund 2019 drilling
i3 Energy Plc (I3E:LON) | 12.6 0 0.0% | Mkt Cap: 151.6m
- Published:
25 Feb 2019 -
Author:
Stephane Foucaud -
Pages:
4
i3 has entered into a term sheet for a £24 mm Junior Loan Note Facility. A European Investment Manager with assets under management in excess of £1 bn has agreed to subscribe for £12 mm of the Loan Notes. The remainder of the Loan Notes are expected to be issued to one or more syndicate members and/or offtake providers who are also potential lenders in i3's US$100 mm senior debt facility which is under negotiation.