EnQuest secures new $750m debt facility to fund refinancing and the Golden Eagle acquisition

Fri, 11th Jun 2021

Oil and gas production and development company EnQuest said it had signed a new borrowing base debt facility of $750 million to fund refinancing and the Golden Eagle acquisition. The new facility included a debt facility of approximately $600 million and an additional amount of $150 million for letters of credit for up to seven years. 'The new facility will enable the group to simplify its existing capital structure and finance the acquisition of a 26.69% interest in the Golden Eagle assets,' the company said. Story provided by StockMarketWire.com

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