KEYFACT Energy
Ithaca Energy Inc. has received a commitment letter from an international bank for a loan facility for $300 million for a period of 5 years. The loan will be used inter alia to repay the Company’s existing senior unsecured notes due July 2019 and will be secured by a Delek Group guarantee as part of the security package. The parties expect to execute all the necessary approvals for the loan facility during the third quarter of 2018.
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