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BRIEF-Pine Cliff announces $70 million syndicated credit facilities

Published 2015-08-04, 08:12 a/m
© Reuters.  BRIEF-Pine Cliff announces $70 million syndicated credit facilities
PNE
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Aug 4 (Reuters) - Pine Cliff Energy Ltd PNE.V :
* Announces $70 million syndicated credit facilities
* Says syndicated facility consists of $60 million revolving term credit
facility and $10 million revolving operating facility
* Facility consists of a $60.0 million revolving term credit facility and a
$10.0 million revolving operating facility
* Says syndicated facility is a one year revolving facility with the initial
revolving period ending on July 31, 2016
* Says if the syndicated facility is not renewed it will convert to a 364-day
term loan

* Source text for Eikon ID:nCCNz98kr

* Further company coverage PNE.V

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