Hey mate, reasons for CR?Considering they can get $5mill extra...

Hey mate, reasons for CR?
Considering they can get $5mill extra from loan facility.

ASXASX CODE: CTP
ANNOUNCEMENT AND
MEDIA RELEASE
Investor & Media Enquiries
Leon Devaney:+61 (0)7 3181 3800
Managing Director and CEO
Central Petroleum Limited
ABN 72 083 254 308.
Level 7, 369 Ann Street, Brisbane, QLD 4000, Australia
GPO Box 292, Brisbane, QLD 4001, Australia
T: +61 (0)7 3181 3800
F: +61 (0)7 3181 3855
[email protected]
www.centralpetroleum.com.au
28April 2022
Loan FacilityExtensionBy Three Years To 2025
Central Petroleum Limited (ASX: CTP) (“Central”) advises that it hassigned an agreement to
extend its existing debt facility (“Loan Facility”) with Macquarie Bank Limited (“Macquarie”)
by a further three years to 2025 on substantially the same terms as the existing loan facility.
Key Points
•Loan Facilitytobe extended by three years to 30 September 2025
•Principal repayments to reduce from $2 million per quarter to $1.125 million per quarter
from 30 September 2022
•Loan Facility may be increased by up to $5m to fund certain development activity,
subject to Macquarie’s credit approva