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TLW Tullow Oil Plc

36.70
1.26 (3.56%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tullow Oil Plc LSE:TLW London Ordinary Share GB0001500809 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.26 3.56% 36.70 36.56 36.64 37.06 35.20 35.76 5,041,282 16:35:16
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 1.63B -109.6M -0.0754 -4.85 531.63M

Tullow Refinances $2.50 Billion in Credit Facilities

29/11/2017 7:44am

Dow Jones News


Tullow Oil (LSE:TLW)
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By Adam Clark

 

Tullow Oil PLC (TLW.LN) said Wednesday that it has refinanced $2.50 billion of credit facilities.

The company said that the fully committed facilities are revolving, with a three-year grace period and a final maturity of November 2024.

Tullow has also decided to reduce the commitments of its existing revolving corporate-credit facility to $600 million from $800 million, it said.

The joint effect of both moves will be to leave it with total headroom of $900 million, with no material near-term debt maturities, Tullow added.

 

Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones

 

(END) Dow Jones Newswires

November 29, 2017 02:29 ET (07:29 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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