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Yangarra Increases Syndicated Credit Facility to $120 million
Yangarra Increases Syndicated Credit Facility to $120 million Canada NewsWire CA...
About this update from Yangarra Resources Ltd.
[{"type":"text","content":"\n\n\n\nYangarra Increases Syndicated Credit Facility to $120 million\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Nov. 16, 2017\n\n\n\nCALGARY, Nov. 16, 2017 /CNW/ - Yangarra Resources Ltd. (\"Yangarra\" or the \"Company\") (TSX:YGR) has increased the syndicated senior credit facility to $120 million.  The banking syndicate is led by Alberta Treasury Branches and includes Canadian Imperial Bank of Commerce and National Bank of Canada.\n\nThe facility is now comprised of a $110 million extendible revolving term credit facility and a $10 million operating facility.  All other commercial terms remain the same with the next borrowing base review scheduled for May 31, 2018.  \n\nThe increased facility allows Yangarra to shift capital spending, as necessary, from Q1 2018 into Q4 2017 to efficiently take advantage of drilling & completion services.\n\nAll reference to $ (funds) are in Canadian dollars.\n\nNeither the TSX nor its Regulation Service Provider (as that term is defined in the Policies of the TSX) accepts responsibility for the adequacy and accuracy of this release.   \nSOURCE Yangarra Resources Ltd.\n\n\n\nView original content: http://www.newswire.ca/en/releases/archive/November2017/16/c3187.html\n\n\n\n\nJim Evaskevich, President & CEO, 403-262-9558Copyright CNW Group 2017","length":2435,"tagName":"div"}]