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Noreco: Successful Closing of USD 1.1 Billion Reserve Based Lending Facility

Noreco: Successful Closing of USD 1.1 Billion Reserve Based Lending Facility
OSLO, Norway, May 5, 2021 /PRNewswire/ Norwegian Energy Company ASA ( Noreco or the Company ) announces the successful closing of its new USD 1.1 billion Reserve Base Lending facility (the Facility ), replacing the Company s existing USD 900 million RBL. Effective today, the Facility matures in 2028 with a seven-year term that will amortize from the second half of 2024.
The margin payable under the Facility remains in line with the borrowing cost of the existing RBL and the Facility also includes an Accordion option of up to USD 400 million that may be used to support potential future commercial opportunities. ....

Cathrine Torgersen , Euan Shirlaw , Investor Relations Communications , Prnewswire Norwegian Energy Company , Reserve Base Lending , Tyra Redevelopment , Chief Financial Officer , முதலீட்டாளர் உறவுகள் தகவல்தொடர்புகள் , இருப்பு அடித்தளம் கடன் , டைரா மறுவடிவமைப்பு , தலைமை நிதி அதிகாரி ,

Norway: Noreco announces successful closing of USD 1.1 billion Reserve Based Lending facility

Noreco has announced the successful closing of its new USD 1.1 billion Reserve Base Lending facility, replacing the Company’s existing USD 900 million RBL, which ensures the Company continues to have a strong capital structure and remains fully-funded to deliver the Tyra Redevelopment project. ....

Norwegian Energy Company Noreco , Norwegian Energy Company , Reserve Base Lending , E Ampp News , Il And Gas Exploration , Xploration And Production , Nergy Pedia , Eological And Geophysical , Lternative Energy , Eavy Oil , Il And Gas Condensate , Icence Round , Il And Gas Ministry , Oil Companies , நோர்வே ஆற்றல் நிறுவனம் , இருப்பு அடித்தளம் கடன் , ஏ அம்ப்ப செய்தி , நான் L ,

Noreco: Underwritten RBL Increase to USD 1.1 Billion and Maturity Extension

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OSLO, Norway, Feb. 2, 2021 /PRNewswire/ Norwegian Energy Company ASA ( Noreco or the Company ) announces that it has entered into an underwriting agreement with five banks for a USD 1.1 billion Reserve Base Lending facility (the RBL or the facility ) with a seven-year term and maturing in 2028. As a result of this, the Company will have a strong financial position as it progresses the Tyra Redevelopment project with amortizations scheduled to commence from the second half of 2024.
The USD 200 million increase in the RBL facility and two-year maturity extension will further reinforce the Company s capital structure and is underpinned by a borrowing base that is expected to provide cash drawing capacity of USD 1.0 billion at close. In addition, Noreco has established a link in the RBL to ESG targets on emissions intensity reduction and power from renewables that will support progression of the Company s ESG strategy. ....

Cathrine Torgersen , Euan Shirlaw , Danish Underground Consortium , Norwegian Energy Company , Investor Relations Communications , Lloyds Bank , Deutsche Bank , Prnewswire Norwegian Energy Company , Oslo Stock Exchange , Reserve Base Lending , Tyra Redevelopment , Chief Financial Officer , டேனிஷ் நிலத்தடி கூட்டமைப்பு , நோர்வே ஆற்றல் நிறுவனம் , முதலீட்டாளர் உறவுகள் தகவல்தொடர்புகள் , லாயிட்ஸ் வங்கி , டாய்ச் வங்கி , ஒசிலோ ஸ்டாக் பரிமாற்றம் , இருப்பு அடித்தளம் கடன் , டைரா மறுவடிவமைப்பு , தலைமை நிதி அதிகாரி ,

Tullow Oil Plc Issues Trading Statement

LONDON (dpa-AFX) - Tullow Oil plc (TLW.L) said, for full year 2020, it anticipates: revenue to be approximately $1.4 billion; and gross profit to be approximately $0.4 billion. Group working ....

City Of , United Kingdom , Tullow Oil , Reserve Base Lending , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , துள்லோவ் எண்ணெய் , இருப்பு அடித்தளம் கடன் ,