Petrus Resources announces second lien term loan expansion, extension to credit center and 3rd quarter 2020 money budget
July 16, 2020 World Newswire
CALGARY, Alberta вЂ“ Petrus Resources Ltd. (вЂњPetrusвЂќ or perhaps the вЂњCompanyвЂќ) (TSX: PRQ) is happy to announce the concurrent expansion of its 2nd lien term loan (вЂњTerm LoanвЂќ) and Revolving Credit center (вЂњRCFвЂќ) in addition to conclusion regarding the RCF loan providersвЂ™ 2020 annual review. The CompanyвЂ™s board of directors in addition has authorized its quarter that is third 2020 spending plan.
2ND LIEN TERM LOAN EXTENSION Petrus has entered into an amending contract with Macquarie Bank restricted to expand the $35 million Term Loan maturity date to 31, 2021 july. The attention price from the Term Loan balance should be updated to be the Dealer that is canadian Offered (вЂњCDORвЂќ) plus 975 foundation points.