Ithaca Energy Limited has completed its previously announced debt refinancing activities and repaid its $300 million senior unsecured notes due July 2019.
The Company’s new debt facilities consist of a $400 million reserves based lending facility, due December 2022, and a five year $300 million (second lien) term loan that has been placed with a syndicate of leading international financial institutions. These facilities provide the Company with a simple and lower cost long term debt capital structure and a strong financial platform from which to continue delivering upon the growth objectives of the business.