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Term Loan
Term Loan news and technical articles from Oil & Gas Financial Journal. Search Term Loan latest and archived news and articles
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GulfMark enters new $200M term -loan facility
… Offshore Inc., a provider of marine transportation services to the energy industry, has completed a new $200 million term - loan facility that replaces a similar facility maturing June 30, 2010. The new facility will bear interest at LIBOR plus …
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ATP closes $150M Senior Term Loan , option for $350M loan
… ATP Oil & Gas Corporation (NASDAQ: ATPG) has closed its previously announced $150 million First Lien Senior Secured Term Loan facility. The facility replaces the existing undrawn $100 million revolving credit facility and provides an option to …
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ATP closes $1.05B senior term loan ; adds $600M asset sale facility
ATP Oil & Gas Corp. has closed a new senior secured term loan facility. T. Paul Bulmahn, chairman and CEO of ATP ..... ATP Employee Challenge announced in March 2008. The new term loan facility replaces a $1.2 billion senior secured loan …
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Privately-held TARC completes new $15M loan, amends existing $160M loan
… Co. completed a new $15 million first lien first out term loan due June 2012. Net proceeds will primarily be used to ..... an amendment to its existing $160 million first lien term loan with its lenders. David E. Honeycutt, CEO and president …
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Bonanza Creek closes $230M financings; promotes Wilson to CFO
… Bank and Societe Generale and a $30 million Second Lien Term Loan with D. E. Shaw Direct Capital Portfolios LLC (Administrative ..... initial borrowing base of $90 million and together with the Term Loan the proceeds will be used to retire the outstanding principal …
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ATP closes $1.05B loan, adds $600M asset sale facility
ATP Oil & Gas Corp. has closed a new senior secured term loan facility. The $1.05 billion facility matures in July ..... the ATP Employee Challenge announced in March. The new term loan facility replaces a $1.2 billion senior secured loan …
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Northern Offshore sees net income increase, receives loan extension
… received an amendment to its US$300 million Secured Term Loan Facility Agreement. The company will make a payment of ..... The rate on the extended outstanding balance of the Term Loan is LIBOR plus 3.5%. The extension gives Northern Offshore …
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Berry Petroleum to make $300 million senior note offering
… aggregate principal amount of senior notes due 2014 and intends to use the net proceeds to repay in full its second lien term loan and reduce outstanding borrowings under its senior secured revolving credit facility. Wachovia Capital Markets LLC …
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Ex-Im Bank finances US exports to RIL for exploration, development in India
The Export-Import Bank of the US (Ex-Im Bank) recently approved a $400 million long- term loan guarantee to support US exports of equipment and services to Reliance Industries Ltd. (RIL) of Mumbai, India, for its onshore …
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Magnum Hunter Resources to acquire Williston Basin properties
… million Senior Secured Second Lien Term Loan Facility to fund the acquisition, pay off an existing $100 million term loan facility, and to fund anticipated ..... million upon the completion of the New Term Loan facility concurrent with the Baytex …