Bloomberg News

EnQuest Gets $900 Million Revolving Credit to Refinance, Expand

March 27, 2012

EnQuest Plc (ENQ), a North Sea oil company, said it raised $900 million from a multi-currency credit line to fund potential acquisitions and refinance an existing credit facility.

The financing includes $525 million of committed funds and $375 million potentially available if the London-based company expands, according to a statement today.

The revolving credit facility provided by seven lenders replaces a $280 million facility that expired earlier this year, the company said.

To contact the reporter on this story: Patricia Kuo in London at pkuo2@bloomberg.net

To contact the editor responsible for this story: Faris Khan at fkhan33@bloomberg.net


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