Lekoil Unit Inks $15 Million Financing Pact with Shell
31 March 2017 - 8:21PM
Dow Jones News
LONDON--Lekoil Ltd. (LEK.LN) said Friday unit Lekoil Oil and Gas
Investments Ltd. has secured a $15 million advance payment facility
with Shell Western Supply and Trading Ltd., a division of Royal
Dutch Shell (RDSA.LN).
The facility has a maturity of three years and is repayable
quarterly following a six-month moratorium with a market margin
over London inter bank offer rate.
Shares of Lekoil at 0849 GMT trading 1.1% higher at 22
pence.
Write to Tapan Panchal at tapan.panchal@wsj.com
(END) Dow Jones Newswires
March 31, 2017 05:06 ET (09:06 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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