25th Jan 2016 09:32
LONDON (Alliance News) - Trinity Exploration & Production PLC on Monday said it has agreed a further extension to the moratorium on principal repayments relating to its outstanding debt balance.
Trinity said it has agreed the repayment extension for the USD13.0 million debt with its lender until January 29, adding that it is in discussions to secure a further extension of its credit facilities.
It is the 18th time the company has been granted an extension on the talks.
Shares in Trinity were trading down 6.8% at 1.87 pence on Monday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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