IN BRIEF: Serica Energy secures new USD750 million debt facility
Serica Energy PLC - offshore oil and gas producer in UK continental shelf - Signs new six-year reserves-based lending facilities totalling USD750 million, including a USD500 million secured revolving loan facility and a USD250 million secured revolving letter of credit facility. The new arrangements replace Serica's previous USD525 million reserves-based lending facility. They are with a consortium of 11 banks, which include all of the banks involved in the previous facility. Read More