Continental Focus, International Reach

Ophir Secures New RBL

Friday, June 23, 2017

Ophir Energy signed a new $250 million Reserved Based Lending Facility (RBL). The RBL is secured against the company’s producing assets in Southeast Asia.

In addition to the committed $250 million, a further $100 million is available on an uncommitted ‘accordion’ basis. The RBL has a seven-year term and matures on June 30, 2024.

The RBL replaces Ophir’s existing RBL facility which matures in December 2019. The new RBL facility is currently undrawn.

The facility has been provided by Australia and New Zealand Banking Group Ltd., BNP Paribas, Commonwealth Bank of Australia, Crédit Agricole, HSBC, Société Générale and Standard Chartered. Rothschild and Ashurst advised Ophir and Herbert Smith Freehills advised the banks.


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