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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 |
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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