Trinity Agreed a Further Extension to the Moratorium on Principal Repayments
Source: www.gulfoilandgas.com 10/21/2015, Location: South America
Trinity has agreed a further extension to the moratorium on principal repayments, relating to Trinity’s outstanding debt balance of US$13.0 million with its lender, until the 23rd October 2015. Discussions are ongoing with the lender for a further extension of its credit facilities and management expects for there to be continued support, particularly following the announcement of the sale of substantially all of Trinity’s onshore assets for US$20.8 million.
Recent progress evidences the value of Trinity’s portfolio through the strategic review and FSP and as part of this Trinity retains a regular dialogue with its lender and creditors.
