Jubilant Energy N.V. Completion of loan agreement (5491N)
October 01 2012 - 2:00AM
UK Regulatory
TIDMJUB
RNS Number : 5491N
Jubilant Energy N.V.
01 October 2012
1st October, 2012
Jubilant Energy N.V.
("Jubilant" or "the Company")
Completion of Rs 1,340 crores, equivalent to approximately USD
254 million, Loan Agreement with consortium of banks
Jubilant is pleased to announce that Jubilant Offshore Drilling
Pvt Limited (JODPL), a subsidiary of the Company in India, on 28th
September 2012 signed a Rupee Loan Agreement for a term loan
facility of Rs 1,340 crores, equivalent to approximately USD 254
million with a consortium of banks, led by State Bank of India
(SBI).
The term loan facility is to be used towards funding the capital
expenditure for the appraisal and development of KG Block,
particularly development of Deen Dayal West (DDW) and for the
repayment of existing term loan facility of Rs 650 crores,
equivalent to approximately USD 123 million. The loan has a
door-to-door tenor of 12 years with repayment in quarterly
installments commencing from 31 December, 2015.
Enquiries:
Ajay Khandelwal, Vipul
Jubilant Energy Agarwal +91 120 4025700
Panmure Gordon Katherine Roe, Adam James +44 20 7886 2959
Deutsche Bank RajatKatyal, Drew Price +44 20 7547 8000
Nick Elwes, Alexandra
College Hill Roper +44 20 7457 2020
This information is provided by RNS
The company news service from the London Stock Exchange
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