Tullow Oil PLC RBL redetermination completed; CMD on 25 November (2930B)
October 07 2020 - 2:00AM
UK Regulatory
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RNS Number : 2930B
Tullow Oil PLC
07 October 2020
RBL redetermination confirms debt capacity of $1.8 billion and
headroom of c.$500 million; Capital Markets Day to be held on 25
November 2020
7 October 2020 - Tullow Oil plc (Tullow) is pleased to announce
that it has completed the bi-annual redetermination of its RBL
credit facility with $1.8 billion of debt capacity approved by the
lending syndicate. As a result, the Group retains c.$500 million
liquidity headroom of undrawn facilities and free cash at the start
of the fourth quarter of the year, which the Board deems
appropriate given Tullow's capital commitments.
At Tullow's request, the next redetermination will commence
following Tullow's Capital Markets Day, which is scheduled for 25
November 2020, and is expected to be completed in January 2021.
CONTACTS
Tullow Oil plc Murrays
(London) (Dublin)
(+44 20 3249 9000) (+353 1 498 0300)
Chris Perry, Matthew Evans (Investors) Pat Walsh
George Cazenove (Media) Joe Heron
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Notes to editors
Tullow is an independent oil and gas, exploration and production
group, quoted on the London, Irish and Ghanaian stock exchanges
(symbol: TLW). The Group has interests in over 70 exploration and
production licences across 15 countries.
For further information, please refer to our website at
www.tullowoil.com.
Follow Tullow on:
Twitter: www.twitter.com/TullowOilplc
YouTube: www.youtube.com/TullowOilplc
Facebook: www.facebook.com/TullowOilplc
LinkedIn: www.linkedin.com/company/Tullow-Oil
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END
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