PEN 5.00% 10.5¢ peninsula energy limited

some interesting observations, page-12

  1. buc
    7,930 Posts.
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    Trying to do some costings before I make any decision col75. What will the total interest payments be per/year, any idea?


    Lance Project Funding

    Pre-Licence Construction Funding

    • $22m in senior secured notes from BlackRock for pre-licence construction

    • First drawdown occurred in October 2013

    • Notes have a coupon of 11%Debt

    • Approx. $50-60m in senior debt planned

    •Discussions on senior secured debt facility underway with shortlisted banks:

    –Behre Dolbear (USA) has completed technical Due Diligence for banks

    • On debt closure and final permitting, planned rights issue for $20-30m to existing shareholders
 
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