Brief: San Leon Energy Becomes Beneficiary Of Eur 500 Mln German Government Bond
05/06/2024 07:47
June 5 (Reuters) - San Leon Energy PLC SLEN.L :
* CO HAS BEEN MADE A BENEFICIARY OF A EUR 500 MILLION GERMAN
GOVERNMENT BOND
* CO WILL BE ABLE TO UTILISE BOND FOR 3 YEARS BY APPLYING IT
AS
SECURITY TO OBTAIN FINANCE FROM A THIRD PARTY
* CO HAS NUMEROUS OUTSTANDING TRADE CREDITORS (AROUND US$25
MILLION IN AGGREGATE), CREDITORS HAVE CONTINUED TO EXERT
INCREASING PRESSURE
Source text for Eikon: ID:nRSE1271Ra
Further company coverage: SLEN.L
((Reuters.Briefs@thomsonreuters.com;))