Premier Oil said on Thursday it has agreed to terms for a longterm refinancing of its debt facilities, including $300 million of new equity and an extension to its credit maturities, after posting a firsthalf loss on weak crude prices.
- Reuters
- Last Updated: August 20, 2020, 12:17 PM IST
The British company said $2.9 billion of gross committed debt facilities would be refinanced with non-amortising facilities, extending the maturities from May 2021 to March 2025.
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