10th Jun 2016 09:52
LONDON (Alliance News) - Nighthawk Energy PLC Friday said it has agreed a further extension on the waiver granted on its reserve-based lending facility.
Nighthawk said Commonwealth Bank of Australia has waived certain covenants on Nighthawk's reserve-based lending facility until June 30, extended from the prior deadline of Friday. This had been extended from previous deadlines of May 16 and April 28.
Nighthawk said this extension is to allow further time to agree to possible amendments to the covenant and debt repayment provisions in the facility, but noted that there is no guarantee an agreement will be reached.
Shares in Nighthawk were down 3.3% at 0.992 pence on Friday.
By Hannah Boland; [email protected]; @Hannaheboland
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