New debt facility sets up EnQuest to complete Golden Eagle swoop
- Date: 11-Jun-2021
- Source: Energy Voice
- Sector:Financial Markets
- Country:Middle East
New debt facility sets up EnQuest to complete Golden Eagle swoop
EnQuest has clinched a new £530 million debt facility, smoothing a path for its refinancing and acquisition of stakes in the Golden Eagle field.
The London-listed exploration and production company said it had signed up for a new facility of £425m and an additional £105m for letters of credit for up to seven years.
EnQuest said it would use the funds to repay its existing senior financing agreement, a capital facility and a vendor loan with BP.
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