Chrysaor upsizes RBL to $3bn for North Sea asset acquisition

In:

Oil & gas

Region:

Europe

By Aife Howse

Chrysaor Holdings is expected to close a $3 billion reserves-based lending (RBL) facility at the end of 2019 to finance its $2.675 billion acquisition of ConocoPhillips’ North Sea oil and gas business in the UK.The deal, which doubles the size of its 2017 $1.5 billion RBL facility (closed on...

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