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10 Sep 2010 13:42
Exillon Energy plc
Loan Facility
10 September 2010
Exillon Energy plc ("Exillon Energy") (EXI.LN), an independent oil producer with assets in two oil-rich regions of northern Russia, Timan-Pechora ("Exillon TP") and West Siberia ("Exillon WS"), is pleased to announce the agreement of a new term loan facility by its wholly owned subsidiary Exillon Finance Limited ("Exillon Finance") with Credit Suisse on 10 September 2010.
The US$50,000,000 facility has a competitive interest rate above LIBOR, a term of 3.5 years, and is free of any equity related components.
The net proceeds will be used to finance drilling and infrastructure related projects in Exillon WS and Exillon TP.
Exillon Energy and its subsidiaries will guarantee the obligations of Exillon Finance under the agreement.
More information about Exillon Energy is available on its website at www.exillonenergy.com.
Contact details:
Exillon Energy plc
Investor Relations
Nurlan Assilbekov +971 56 657 0440
+44 79 2001 5131
Media Contact
Tom Blackwell +44 207 920 2330
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