Circle Updates RBL

Monday, April 18, 2016

Circle Oil saw the International Finance Corp. (IFC) agree to extend the suspension of the December 2015 redetermination and any repayments due under its Reserve Based Lending (RBL) facility until May 13.

The IFC has indicated its willingness to consider further waivers as may be required to continue the Strategic Review process Circle has launched based on circumstances applying at the time of any application.

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