Oct 15 (Reuters) - Drillsearch Energy Ltd DLS.AX :
* New $100 million loan facility secured DLS.AX
* Entered into a binding terms sheet for a new three-year
* New facility will be a multi-currency, reserve-based lending facility and will replace drillsearch's existing undrawn working capital facility
* Agreement with the two banks follows a competitive financing process that enabled Drillsearch to secure attractive terms and pricing.
* Says new facility is subject to the finalisation and execution of facility documentation and customary conditions through to financial close
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