Indus has announced completion of its new US$180m debt facility and drawing is in progress. This is to be a nine year facility with repayments beginning in July 2017. Interest is at a rate of 410bps over three month LIBOR marginally reducing the blended rate for Indus’s debt when its existing facilities are included. The new facility will be in addition to the company’s existing US$150m of facilities (which were fully drawn with outstanding repayments due of US$94.0m as at the end
17 Nov 2014
New US$180m Debt Facility In Place
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New US$180m Debt Facility In Place
Indus Gas Limited (INDI:LON) | 49.4 0 0.0% | Mkt Cap: 90.3m
- Published:
17 Nov 2014 -
Author:
Daniel Slater -
Pages:
2
Indus has announced completion of its new US$180m debt facility and drawing is in progress. This is to be a nine year facility with repayments beginning in July 2017. Interest is at a rate of 410bps over three month LIBOR marginally reducing the blended rate for Indus’s debt when its existing facilities are included. The new facility will be in addition to the company’s existing US$150m of facilities (which were fully drawn with outstanding repayments due of US$94.0m as at the end