Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

BRIEF-Petroshale announces equity offering and amendments to its senior credit facility

Published 2017-03-21, 05:12 p/m
© Reuters.  BRIEF-Petroshale announces equity offering and amendments to its senior credit facility
LOU
-

March 21 (Reuters) - Petroshale Inc PSH.V

* Petroshale announces equity offering and amendments to its senior credit facility

* Petroshale Inc says intends to use net proceeds of offering for debt repayment, its increased capital program

* Petroshale Inc says has entered into an agreement with its lender under its senior secured revolving credit facility

* Petroshale - marketed public offering of a minimum of 77.8 million common voting shares and a maximum of 111.2 million shares

* Petroshale Inc says agreement to provide for an increase in borrowing base and credit available thereunder to US$30.9 million

* Petroshale Inc - offering of a minimum of 77.8 million common voting shares, maximum of 111.2 million shares, each at a price of $0.90 per share

* Petroshale Inc says agreement also extends revolving term of senior credit facility to February 28, 2018 Source text for Eikon: ID:nCCN4CmsWn Further company coverage: PSH.V

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.