Trinity Agreed a Further Extension to the Moratorium on Principal Repayments

Source: www.gulfoilandgas.com 11/11/2015, 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 20th of November 2015. Discussions are ongoing with the lender to secure a longer extension of its credit facilities and management expect 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.


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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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