AJL aj lucas group limited
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Oct 25 (Reuters) - AJ Lucas Group Ltd (AJL) : SIGNED AGREEMENTS...

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    25/10/19
    17:10
    Post #: 41071949

    Oct 25 (Reuters) - AJ Lucas Group Ltd (AJL) :

    • SIGNED AGREEMENTS FOR TWO NEW DEBT FACILITIES,
    • PROCEEDS TO BE USED TO FULLY REPAY EXISTING $ DENOMINATED LOAN NOTE FACILITY HELD BY CERTAIN FUNDS MANAGED BY OCP ASIA
    • PROCEEDS TO BE USED TO ALSO TO FUND WORKING CAPITAL FOR CO'S AUSTRALIAN DRILLING DIVISION
    • 3-YEAR SENIOR-RANK NEW FACILITIES CONSIST REVOLVING ASSET BASED LOAN OF UP TO A$30 MILLION, JUNIOR-RANKING A$50 MILLION LOAN NOTE FACILITY
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