May 23, 2018 / 10:38 AM / a year ago

BRIEF-Petropavlovsk Updates On Negotiations Regarding IRC's ICBC Facility

May 23 (Reuters) - Petropavlovsk PLC:

* SAYS PROVIDES UPDATE ON NEGOTIATIONS INVOLVING COMPANY, IRC AND INDUSTRIAL AND COMMERCIAL BANK OF CHINA (ICBC) IN RELATION TO US$340 MILLION PROJECT FINANCE FACILITY

* SAYS NO AGREEMENT HAS YET BEEN REACHED WITH ICBC

* SAYS BOTH IRC AND PETROPAVLOVSK ARE PURSUING A NUMBER OF OPTIONS TO ENSURE CONTINUED GOOD STANDING OF ICBC FACILITY

* SAYS IS ALSO EXPLORING A POTENTIAL SHORT-TERM ADVANCE TO IRC TO FUND A PORTION OF JUNE DEBT OBLIGATIONS IF NECESSARY Source text for Eikon: Further company coverage: (Gdynia Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below