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ADVFN PLC surges as former director takes his stake to 18%

Tullow Oil in demand after refinancing plans A look at the major movers on the London market on Thursday oil Tullow Oil PLC (LON:TLW) is one of the day s risers after it unveiled a refinancing. The exploration and production group has begun an offer of $1.8bn worth of senior secured notes due in 2026 and received commitments for a $500mln revolving credit facility and a $100mln letter of credit facility. The proceeds with be used to push out the timeframe for its debt obligations, including redeeming $650mln worth of senior notes due in 2022 and repaying $300mln of convertible bonds due this July.

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Character Group PLC set for best annual performance in its history

Global Petroleum raises up to £2mln to fund Namibia prospect A look at the major movers on the London market on Thursday 10.55am: Explorer issues new shares and warrants Global Petroleum Limited (LON:GBP) is among the day s bigger fallers after it announced a placing to raise £1mln. Its shares have dropped 28% or 0.18p to 0.45p, which to be fair is the price at which 222mln shares have been placed. The company has also issued 111mln warrants at an exercise price of 0.9p a share for a period of two years with one warrant for every two ordinary shares. If exercised in full this would raise another £1mln giving total proceeds of £2mln at an average weighted price of 0.6p a share.

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Tullow Oil PLC in demand after refinancing plans

Tullow Oil in demand after refinancing plans A look at the major movers on the London market on Thursday oil Tullow Oil PLC (LON:TLW) is one of the day s risers after it unveiled a refinancing. The exploration and production group has begun an offer of $1.8bn worth of senior secured notes due in 2026 and received commitments for a $500mln revolving credit facility and a $100mln letter of credit facility. The proceeds with be used to push out the timeframe for its debt obligations, including redeeming $650mln worth of senior notes due in 2022 and repaying $300mln of convertible bonds due this July.

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Nicaragua
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Turkey

Tullow Oil PLC in demand after refinancing plans

Tullow Oil PLC in demand after refinancing plans
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

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Global Petroleum Limited raises up to £2mln to fund Namibia prospect

Global Petroleum Limited raises up to £2mln to fund Namibia prospect
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.

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