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BRIEF-Oil Search announces establishment of US$600m revolving credit facility

Published 22/06/2017, 08:41 pm
© Reuters.  BRIEF-Oil Search announces establishment of US$600m revolving credit facility
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June 22 (Reuters) - Oil Search Ltd OSH.AX :

* Oil Search establishes US$600m revolving credit facility

* Signed documentation with a 14 member bank group for a new five year, non-amortising, revolving credit facility of US$600 million

* New corporate facility replaces a us$500 million non-amortising revolving credit facility that was due to expire in October 2017

* "New facility will provide us with funding flexibility for next phase of LNG development and expansion in Papua New Guinea"

* Increases size of facility from its original target of US$500 million, to US$600 million Source text for Eikon: ID:nASX22plGg Further company coverage: OSH.AX

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