PA Resources Signs Credit Facility

Source: www.gulfoilandgas.com 3/31/2014, Location: Africa

PA Resources has signed a working capital facility of USD 50 million. The facility is a one-year working capital facility of USD 50 million with Gunvor Finance Limited as Lender. It carries a fixed rate of interest of 7.5 per cent and is secured against assets in Tunisia. This working capital facility is a less expensive financing than the bond loan issued in October 2013.


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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