Igas Energy PLC - New Debt Facility Signed
THE INFORMATION COMMUNICATED IN THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AND UPON PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
("IGas" or "the Company")
New Debt Facility Signed
IGas announces that it has signed a
In addition to the committed
The Company has also exercised its call option and issued a redemption notice with respect to all outstanding bonds ("Secured Bonds") pursuant to the 10 per cent.
The proceeds from the new RBL will be used to repay the Secured Bonds, fund development opportunities in the conventional portfolio and for general corporate purposes.
The new RBL has been underwritten and arranged by BMO. Rothschild & Co. acted as financial adviser to the Company and
"We are extremely pleased to announce that we have signed a
For further information please contact:
Stephen Bowler, Chief Executive Officer
Julian Tedder, Chief Financial Officer
Ann-marie Wilkinson, Director of Corporate Affairs
Sara Hale/Jeremy Ellis/Neil Coleman
Canaccord Genuity (Joint Corporate Broker) Tel: +44 (0)20 7523 8000
Henry Fitzgerald-O'Connor/James Asensio
Vigo Communications Tel: +44 (0)20 7390 0230
Patrick d'Ancona/Chris McMahon
This information is provided by RNS, the news service of the
Quick facts: IGas Energy Plc
Market Cap: £32.47 m
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