Brief: Core Laboratories NV Announces Amendment To Revolving Credit Facility

Core Laboratories

24/06/2020 24:22

June 23 (Reuters) - Core Laboratories NV  CLB.N :
    * ANNOUNCES AMENDMENT TO REVOLVING CREDIT FACILITY
    * AMENDMENT ALSO REDUCED SIZE OF CREDIT FACILITY TO
AGGREGATE
BORROWING COMMITMENT OF $225 MILLION, WHICH WAS PREVIOUSLY $300
MILLION
    * AMOUNT BY WHICH CO MAY ELECT TO INCREASE FACILITY SIZE,
WAS
REDUCED FROM $100 MILLION TO $50 MILLION
    * COST REDUCTION INITIATIVES HAVE BEEN EXPANDED TO INCLUDE A
SECOND PHASE OF COST REDUCTION MEASURES
    * CORE LABORATORIES - UNCERTAINTIES ASSOCIATED WITH COVID-19
CONTINUE TO POTENTIALLY HAVE MATERIAL IMPACT TO BOTH COMPANY'S
AND CLIENTS' OPERATIONS

Source text for Eikon:  ID:nPn6lCcxDa 
Further company coverage:  CLB.N 

 ((Reuters.Briefs@thomsonreuters.com;))