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BRIEF-Parallel Energy Trust announces update on bank facility

Published 2015-09-16, 08:33 a/m
Updated 2015-09-16, 08:37 a/m
© Reuters.  BRIEF-Parallel Energy Trust announces update on bank facility

© Reuters. BRIEF-Parallel Energy Trust announces update on bank facility

Sept 16 (Reuters) - Parallel Energy Trust PLT_u.TO :
* Announces update on bank facility
* Requested an extension from parallel's lending syndicate of its US$165
million credit facility
* Says facility will not be renewed on the same or similar terms and conditions
* Board is continuing to explore strategic alternatives as part of its
previously announced strategic alternatives process
* Says Parallel is working with its lenders on alternative arrangements

* Source text for Eikon ID:nCNW5RdnKa

* Further company coverage PLT_u.TO

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