Neptune Energy Announces RBL Redetermination

Source: www.gulfoilandgas.com 4/7/2021, Location: Europe

Neptune Energy today announced that it has completed the annual redetermination of its RBL facility and reconfirmed a borrowing base of $2.3 billion.

As of the end of March, Neptune retains $1.1 billion of undrawn headroom under the facility and total available liquidity of $1.2 billion. The margin on drawn funds will increase from 2.50% to 2.75% in May and the first scheduled amortisation of the RBL remains April 2022. The final maturity date of May 2024 is unchanged.


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