Far East Energy enters into term loan facility agreement

Far East Energy Corp.’s wholly owned subsidiary Far East Energy (Bermuda) Ltd. (FEEB) has entered into a term loan facility agreement (TLFA), effective Feb. 24, with the lenders party thereto. 

The TLFA has a three-month term and provides for an aggregate principal amount of $1.4 million to be borrowed subject to the terms, conditions, and repayment obligations of the TLFA. No stock, warrants, or other equity securities will be issued to the lenders in connection with the TLFA. 

Net proceeds from the TLFA will be utilized for certain working capital purposes as required by the TLFA. 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...