Angus Energy extends repayment terms on £3m loan facility

(Sharecast News) - Oil and gas production and development company Angus Energy announced a variation on the terms of its £3m loan facility between itself, YA II PN and Riverfort Global Opportunities on Thursday, having previously described the facility on 10 January.The AIM-traded firm said that under a deed of variation dated 13 February, it could now - subject to two days notice - repay the initial advance of £1.5m at any time within 45 calendar days, rather than 30 calendar days from the date of drawdown.It added that the lock-up period, during which the noteholders could not exercise their conversion right, would also be extended.