Upstream oil firm EnQuest signs $280m revolver

Recently formed oil and gas production and development firm EnQuest has signed a $280m revolving credit in the largest financing deal to date in the upstream sector in the UK.

  • 30 Apr 2010

The two year revolver, the debut loan for the borrower, will be used for the company’s working capital and letters of credit. However the firm has said that it has a strategic plan to grow its business and the funding may be used for acquisitions if required.

Lloyds Banking ...

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