14 Dec 2016 07:00
14 December 2016
Savannah Petroleum PLC
("Savannah" or the "Company")
Revolving Loan Facility
Savannah Petroleum PLC ("Savannah") is pleased to announce the signature of a new €11.4 million revolving loan facility ("the Facility") with Oragroup SA, the West and Central Africa focused banking group.
The Facility can be drawn and repaid for three years from the date of signature and is available for working capital, potential asset acquisitions and general corporate purposes. An interest rate of 7.5% is payable on a semi-annual basis on amounts borrowed under the Facility.
For further information contact:
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Savannah Petroleum | +44 (0) 20 3817 9844 |
Andrew Knott, CEO |
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Jessica Hostage, Corporate Communications |
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Strand Hanson (Nominated Adviser) | +44 (0) 20 7409 3494 |
Rory Murphy |
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James Spinney |
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Ritchie Balmer |
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Mirabaud (Broker) | +44 (0) 20 7878 3362 |
Peter Krens |
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Rory Scott |
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Celicourt Communications | +44 (0) 20 7520 9266 |
Mark Antelme |
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Jimmy Lea |
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SAVP.L (SAVP)