Brief: Exall Energy announces revised process to pay out existing credit facility

Viking Energy

11/02/2015 23:37

Feb 11 (Reuters) - Exall Energy Corp  EE.TO : 
 * Announces revised process to pay out existing credit facility 
 * Viking Investments Group provided Exall with loi pursuant to which, it would 
   loan $35.0 million to allow co to retire existing facility 
 * Says interim financing would permit Exall to pay off the facility on or about 
   February 23, 2015 
 * Says will be approaching its current senior lender to request additional time 
   to complete the transaction 
 
* Source text for Eikon  ID:nMKWkdHgJa  
 
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