RE: Good time to top up imo25 Sep 2022 13:36
LLP, from my understanding, the moment we pay off the current senior lender with the RBL funds, then the existing hedging conditions lapse.
Ie, we owe him no money and no oil...
However the commercial bank RBL loan will also have a hedging element to it. Hopefully on better terms.
The gas hedging was not part of the senior loan, but negotiated by COPL, so if that is still benifitial it can carry on, if we want it to.