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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Harbour Energy Plc | LSE:PMO | London | Ordinary Share | Ordinary Shares |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 22.40 | 22.50 | 22.60 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMPMO
RNS Number : 8772C
Premier Oil PLC
01 July 2016
PREMIER OIL PLC
("Premier" or "the Company")
Lender discussions update
01 July 2016
As previously announced, Premier is in discussions with its lending group on the terms of its existing financial facilities. These are progressing well.
The lending group has agreed that the test of Premier's financial covenants at 30 June 2016 will be waived and replaced by a test for the 12 month period ending 31 July 2016. This deferral allows further time to agree amendments to Premier's medium term covenant profile and the resetting of its debt maturities. In return for the proposed amendments, it is anticipated that additional security will be provided for existing debt holders.
Premier expects negotiations to conclude during Q3 2016. Further deferral of the covenant test date will be sought if required.
Premier continues to have access to undrawn funds within its Revolving Credit Facility (RCF) to allow the company to meet its ongoing funding requirements.
Enquiries Premier Oil plc Tel: 020 7730 1111 Tony Durrant, Chief Executive Richard Rose, Finance Director Bell Pottinger Tel: 020 3772 2570 Gavin Davis Henry Lerwill
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCFMMATMBIJBAF
(END) Dow Jones Newswires
July 01, 2016 02:00 ET (06:00 GMT)
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