Pantera Drilling Income Trust has extended its credit facility with its existing lender. The credit facility will remain at the same level,
If not extended, the loan is capped and repayable over the ensuing four year period by quarterly payments of 1/20th of the amount outstanding at the Maturity date with the final payment covering the remaining balance due four years from the Maturity date. These payments would commence three months after the Maturity date. Amounts borrowed under the operating demand revolving loan will bear interest at the Trust's option of the bank's prime rate plus .75% or banker's acceptance rate plus 2% and amounts borrowed under the extendible revolving credit facility will bear interest at the Trust's option of the bank's prime rate plus 1% or banker's acceptance rate plus 2.25%.
The Trust today declared a cash distribution relating to the period January 1, 2009 to January 31, 2009, in the amount of $0.03 per trust unit
Cash distributions are not guaranteed and will fluctuate with the performance of its operating entity, Pantera Drilling LP, which is dependent
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