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Lundin Petroleum secures reserve-based bank financing


Published Feb 3, 2016
Lundin in the North Sea

Lundin Petroleum has entered into a committed seven year senior secured revolving credit facility of up to USD 5.0 billion, with an initial committed amount of USD 4.3 billion.

This senior secured facility will provide the financial flexibility to fund Lundin Petroleum's interest in the Johan Sverdrup project in Norway. This facility replaces the current credit facility of USD 4.0 billion which was due to reduce in availability starting in June 2016 and mature in 2019.

Tags: Lundin Petroleum




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