Extractive Industries

Angus in talks to refinance debts with $25m loan

Angus Energy plc has signed a non-binding conditional agreement for an 18-month loan of up to US$25 million with Aleph Commodities Ltd.

If both parties proceed, the funds will refinance the £7.35m outstanding under the senior facility and the £3m and £6m bridge loans. 

The company is also in discussions with another financial provider for pre-payments for the gas and restructuring hedges.

Exit mobile version