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Savannah Petroleum Signs New Revolving Loan Facility

Source: www.gulfoilandgas.com 12/14/2016, Location: Europe

Savannah Petroleum PLC (Savannah) is pleased to announce the signature of a new €11.4 million revolving loan facility (the Facility) with Oragroup SA, the West and Central Africa focused banking group. The Facility can be drawn and repaid for three years from the date of signature and is available for working capital, potential asset acquisitions and general corporate purposes. An interest rate of 7.5% is payable on a semi-annual basis on amounts borrowed under the Facility.

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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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