UK-listed Premier Oil has reached an agreement with its lenders that will allow it to complete a proposed company refinancing by the end of May.
The company said on Friday that, under the deal, it will benefit from stakeholders support to move its growth plans forward.
Premier agreed with representatives of its private lenders to a long-form term sheet, which will now be circulated to the lenders under its revolving credit facility, its term loan, and its Schuldschein and US private placement notes for formal credit committee approval.
