Premier Oil agrees 'win-win' terms to extend debt to 2025

Proposals, including new $300 million equity raise, would extend UK-listed company's credit maturities from May 2021 to March 2025

Restructure: for Premier Oil, which runs the Catcher field — Restructure: for Premier Oil, which runs the Catcher fieldPhoto: PREMIER OIL

Rob Watts

London

Premier Oil Tony Durrant North Sea UK BP

Published 20 August 2020, 06:30Updated 24 August 2020, 12:23