Investor’s Chronicle17 Sep 2018 15:35
Ahead of its half-year results on Thursday, SOCO International (SIA) has signed a new $125m, five-year, reserve-based lending facility, with another $125m available on request. Given the company was set to end the first half of 2018 with a strong cash balance and no debt, one can only assume that SOCO has identified an acquisition (or “acquisitions”, as this morning’s statement hints).