Reuters logo
BRIEF-Trinidad Drilling Announces The Extension And Amendment Of Its Credit Facility
November 30, 2017 / 11:01 PM / in 12 days

BRIEF-Trinidad Drilling Announces The Extension And Amendment Of Its Credit Facility

Nov 30 (Reuters) - Trinidad Drilling Ltd:

* TRINIDAD DRILLING LTD. ANNOUNCES THE EXTENSION AND AMENDMENT OF ITS CREDIT FACILITY

* TRINIDAD DRILLING LTD - ‍AGREED TO EXTEND MATURITY OF COMPANY‘S EXISTING CREDIT FACILITY BY TWO YEARS, EXTENDING MATURITY DATE TO DECEMBER 12, 2020​

* TRINIDAD DRILLING LTD - MINOR AMENDMENTS WERE MADE TO FACILITY AND SIZE OF CREDIT FACILITY REMAINS UNCHANGED AT C$100 MILLION AND US$100 MILLION​

* TRINIDAD DRILLING-EXPECTS BANK EBITDA TO CASH INTEREST EXPENSE COVENANT TO BE POSITIVELY IMPACTED IN 2018 BY LOWER INTEREST RATE ON ITS SENIOR NOTES​ Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below