16th May 2016 14:30
LONDON (Alliance News) - Nighthawk Energy PLC Monday said it has agreed another extension to 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 10, extended from the prior deadline of Monday, which had in turn been extended from the previous deadline of April 28.
This extension is to allow further time to agree to possible amendments to the covenant and debt repayment provisions in the facility.
Shares in Nighthawk were down 7.3% at 0.950 pence Monday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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