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BRIEF-Santos Executes New Us$750 Million Syndicated Debt Facility

Published 05/11/2020, 09:54 am
Updated 05/11/2020, 10:00 am
© Reuters.
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Nov 5 (Reuters) - Santos Ltd STO.AX :

* ASX ALERT-SANTOS EXECUTES NEW US$750 MILLION SYNDICATED DEBT FACILITY-STO.AX

* SANTOS LTD - NEW FIVE AND A QUARTER-YEAR FACILITY WILL MATURE IN JANUARY 2026

* SANTOS LTD - WITH NEW FACILITY IN PLACE, NOW HAVE NO MATERIAL DEBT MATURITIES UNTIL 2024

* SANTOS- PROCEEDS WILL BE USED TO REFINANCE EXISTING $750 MILLION DEBT FACILITY FOR ACQUISITION OF CONOCOPHILLIPS' NORTHERN AUSTRALIAN & TIMOR-LESTE ASSETS

* SANTOS LTD - ALSO HAVE AMPLE LIQUIDITY IN PLACE AND DEBT COVENANTS HAVE SUFFICIENT HEADROOM AT CURRENT OIL PRICES FOR A NUMBER OF YEARS

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