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IN BRIEF: Nostrum Oil & Gas Signs Forbearance Deal With Noteholders

Fri, 23rd Oct 2020 19:28

Nostrum Oil & Gas PLC - London-based exploration & production company - Signs forbearance agreement with noteholders, under which they have agreed to forbear from the exercise of certain rights and remedies that they have under the indentures governing the 8.0% senior notes due 2022 and 7.0% senior notes due 2025.

The agreed forbearances include agreeing not to accelerate the notes' obligations as a result of the missed interest payments.

Current stock price: 8.16 pence

Year-to-date change: down 52%

By Dayo Laniyan; dayolaniyan@alliancenews.com

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