Impact - neutral. Long Run announced it has entered into an amending agreement with its bank syndicate that will see the borrowing base reduced to $620 mm from $650 mm previously, comprised of a $240 mm revolving facility, a $30 mm operating facility, and a $350 mm non-revolving facility. The Company is currently drawn ~$580 mm on the facilities. The financial covenants have been removed on the facilities and the interest and fees have been reduced with the facilities terminating six months foll ....
01 Feb 2016
LONG RUN EXPLORATION LTD. (LRE) ANNOUNCES AMENDMENTS TO CREDIT FACILITIES AND RELATED ARRANGEMENT AGREEMENT AMENDMENTS
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LONG RUN EXPLORATION LTD. (LRE) ANNOUNCES AMENDMENTS TO CREDIT FACILITIES AND RELATED ARRANGEMENT AGREEMENT AMENDMENTS
Lar Espana Real Estate SOCIMI SA (0QRL:LON) | 0 0 0.0%
- Published:
01 Feb 2016 -
Author:
Michael Hearn -
Pages:
2
Impact - neutral. Long Run announced it has entered into an amending agreement with its bank syndicate that will see the borrowing base reduced to $620 mm from $650 mm previously, comprised of a $240 mm revolving facility, a $30 mm operating facility, and a $350 mm non-revolving facility. The Company is currently drawn ~$580 mm on the facilities. The financial covenants have been removed on the facilities and the interest and fees have been reduced with the facilities terminating six months foll ....