Ophir announces that it has increased and extended its existing Reserve Based Lending Facility (“RBL”). The RBL has been increased by US$100 million to US$350 million facility and the maturity of the RBL has been extended by 18 months, so it now matures on 31 December 2025, restoring the original seven-year maturity.
Ophir announces that it has signed a new US$250 million Reserve Based Lending Facility (“RBL”) secured against the Group’s producing assets in Southeast Asia.
Ophir Energy plc (“Ophir”) announces that it has repaid in full and redeemed the $94 million of outstanding convertible bonds (the “Bonds”) issued by its subsidiary Salamander Energy plc (“Salamander”) which matured on 30 March 2015, along with the associated coupon. This is in line with expectations at the time Ophir acquired Salamander.