Brief: Pine Cliff Energy Provides Credit Facility Update

Pine Cliff Energy

02/06/2018 01:01

June 1 (Reuters) - Pine Cliff Energy Ltd  PNE.TO :
    * PROVIDES CREDIT FACILITY UPDATE
    * PINE CLIFF ENERGY - ENTERED AGREEMENT WITH LENDERS TO
EXTEND
BORROWING BASE REDETERMINATION DATE OF CO'S $45.0 MILLION
SYNDICATED CREDIT FACILITY TO JULY 15, 2018
    * UNTIL JULY 15, 2018 PINE CLIFF AND LENDERS HAVE AGREED
THAT
AMOUNTS PERMITTED UNDER CREDIT FACILITY WILL NOT EXCEED $20.0
MILLION.
    * AT MAY 31, 2018, PINE CLIFF HAS $12.2 MILLION DRAWN
PURSUANT TO
CREDIT FACILITY

Source text for Eikon:  ID:nGNX5jNPH1 
Further company coverage:  PNE.TO 

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