22nd Dec 2015 11:27
LONDON (Alliance News) - Trinity Exploration & Production PLC on Tuesday said it has agreed a further extension to its loan repayments until December 31.
Trinity's outstanding debt balance of USD13.0 million has been extended multiple times already, last being extended to December 18 from December 11.
The company's lender is Citibank.
"Discussions are ongoing with the lender to secure a further extension of its credit facilities and management expect for there to be continued support, particularly following the announcement of the sale of substantially all of Trinity's onshore assets for USD20.8 million," Trinity said.
Shares in Trinity Exploration & Production were down 1.4% at 3.67 pence on Tuesday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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