Tullow Clinches $250MM in New Debt Funding

Tullow has finalized arrangements for a US $250 million new revolving credit facility.

On Monday, December 14, documentation for a US $250 million secured debt facility was executed by Bank of Scotland Plc, BNP Paribas, Calyon, ING Bank N.V., Société Générale, Standard Bank Plc, Standard Chartered Bank, and The Royal Bank of Scotland plc.

The new debt facility will supplement Tullow's existing reserve based lend debt arrangements, providing additional funding capacity and flexibility for the Group's future capital programmes.