Brief: Exmar: Discussions With SINOSURE For Partial Release Of DSRA Ongoing

EXMAR NV

30/09/2019 17:47

Sept 30 (Reuters) - EXMAR NV  EXMR.BR :
    * PARTIAL RELEASE OF DEBT SERVICE RESERVE ACCOUNT IN RESPECT
OF
USD 200 MILLION LOAN WITH BANK OF CHINA AND DEUTSCHE BANK IS
SUBJECT TO THE APPROVAL OF SINOSURE
    * DISCUSSIONS WITH SINOSURE ARE STILL ONGOING FOR PARTIAL
RELEASE
OF DSRA BEFORE END OF YEAR
    * EXMAR HAS OBTAINED FROM ITS CLOSE LENDING BANKS EXTENSION
OF THE
USD 30 MILLION BRIDGE LOANS THAT ORIGINALLY EXPIRE ON 30
SEPTEMBER 2019.
    * DISCUSSIONS WITH SINOSURE: SO FAR NO AGREEMENT HAS BEEN
REACHED
    * TANGO FLNG HAS BEEN RECEIVING FEED GAS FROM YPF SINCE SEPT
9 AND
HAS BEEN PRODUCING LNG TO ITS FULL CAPACITY SINCE THEN
    * IN FIRST TWO WEEKS OF OPERATIONS, TANGO FLNG HAS
TRANSFERRED
25,000 CUBIC METERS OF LNG TO A STORAGE VESSEL CHARTERED BY YPF

Source text for Eikon:  ID:nNDL93s7r7 
Further company coverage:  EXMR.BR 

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