Brief: Bnk Petroleum Says Co's Unit Bnk Petroleum Has Received Bank Borrowing Base Redetermination On Its Revolving Line Of Credit
08/04/2020 01:33
April 7 (Reuters) - Bnk Petroleum Inc BKX.TO :
* SAYS CO'S UNIT BNK PETROLEUM HAS RECEIVED BANK BORROWING
BASE
REDETERMINATION ON ITS REVOLVING LINE OF CREDIT FROM BOK
FINANCIAL
* CONCURRENT WITH REDETERMINATION, BNK MADE A $3 MILLION
PRINCIPAL
PAYMENT ON ITS LINE OF CREDIT, REDUCING OUTSTANDING AMOUNT TO
$23.5 MILLION
* HAS AGREED TO MAKE FUTURE PRINCIPAL PAYMENTS TO FURTHER
REDUCE
BORROWING BASE TO $21.0 MILLION BY NOVEMBER 2020
Source text for Eikon: ID:nCNWzq8BBa
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