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BRIEF-Delphi Energy announces close of $65 mln financing
June 7, 2017 / 1:30 PM / a month ago

BRIEF-Delphi Energy announces close of $65 mln financing

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June 7 (Reuters) - Delphi Energy Corp

* Delphi Energy Corp. Announces close of $65 million financing

* Delphi Energy Corp- plans to add a third rig in fall and double its planned drilling program for remainder of 2017 through spring breakup in 2018

* Delphi Energy Corp- anticipates production in q4 of 2018 to increase by approximately 40 percent

* Delphi Energy Corp - ‍run-rate cash flow in q4 of 2018 is anticipated to be in context of $100 million to $110 million​

* Delphi Energy Corp- total debt to cash flow ratio is anticipated to remain at or below company's target of 1.5 times through 2018

* Delphi Energy Corp- funds from financing will initially be used to repay bank debt leaving company with an undrawn $80 million credit facility Source text for Eikon: Further company coverage:

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