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BRIEF-Spyglass Resources provides credit facility update

Published 2015-09-03, 05:32 p/m
© Reuters.  BRIEF-Spyglass Resources provides credit facility update
SGL
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Sept 3 (Reuters) - Spyglass Resources Corp SGL.TO :
* Provides credit facility update
* Says company's 2015 average production guidance is unchanged at approximately
9,000 boe/d
* Credit facility of $197.1 million consists of $100 million syndicated
borrowing base facility with $77 million currently utilized
* Credit facility has been amended to stipulate $35 million reduction to
reducing term facility be completed on or prior November 30, 2015
* Says reducing term facility is expected to be decreased through
recapitalization and asset divestiture activities
* Credit facility of $197.1 million also consists syndicated reducing term
facility with $97.1 million currently outstanding

* Source text for Eikon ID:nPnc9W6Nj

* Further company coverage SGL.TO

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