RE: M&A20 Apr 2023 13:47
As at 31 December 2022, after unamortised fees, net debt of $704 million (2021: $2,147 million) consisted of $775 million (2021: $2,438 million) drawn on the reserves-based lending facility (RBL), the $500 million (2021: $500 million) bond and an exploration financing facility (EFF) of $11 million (2021: $45 million) less unamortised deferred fees of $82 million (2021: $136 million) and cash balances of $500 million (2021: $699 million). The decrease in the year is mainly due to the repayments on the RBL facility.
Available liquidity, being undrawn RBL facility plus cash balances, was $2.5 billion at the end of the year.
Been looking through year end results and found this, but if a relief for myself that the RBL remained unchanged at year end and there’s still $2.5B in buying power. If this had changed would it need to be issued by RNS?