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. 

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