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Premier Oil PLC (PMO)

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Monday 01 August, 2016

Premier Oil PLC

Lender Discussions Update

RNS Number : 7569F
Premier Oil PLC
01 August 2016
 

This announcement has been determined to contain inside information

 

PREMIER OIL PLC

("Premier" or "the Company")

Lender discussions update

1 August 2016

 

Premier's lending group has agreed to a further deferral of the test of Premier's financial covenants while discussions around the Company's existing debt arrangements continue.  The test for the 12 month period ending 31 July 2016 will now be waived and replaced by a test for the 12 month period ending 31 August 2016.

As previously announced, negotiations continue to progress well with agreement of terms targeted for during this quarter.  Further deferral of the covenant test date will be sought if required.

Enquiries

 

 

Premier Oil plc

Tel: 020 7730 1111

Tony Durrant, Chief Executive

 

Richard Rose, Finance Director

 

 

Bell Pottinger

Tel: 020 3772 2570

Gavin Davis

 

Henry Lerwill

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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