Trinity (LON:TRIN), the oil exploration and production group, told investors it had further extended the moratorium on its debt repayment whilst it awaits the closing of an asset sale. The company said the moratorium on its outstanding £13mln debt now runs until February 19 this year. "Discussions are ongoing with the lender to secure a further extension of its credit facilities and management expect for there to be continued support, particularly following the announcement of the sale of substantially all of Trinity's onshore assets for US$20.8 million," it said.
Trinity Exploration further extends debt delay
Trinity, the oil exploration and production group, told investors it had further extended the moratorium on its debt repayment whilst it awaits the closing of an asset sale.