PA Resources has signed a working capital facility of USD 50 million.
The facility is a one-year working capital facility of USD 50 million with
Gunvor Finance Limited as Lender. It carries a fixed rate of interest of 7.5 per
cent and is secured against assets in Tunisia. This working capital facility is
a less expensive financing than the bond loan issued in October 2013.
Stockholm, 31 March, 2014
PA Resources AB (publ)
For additional information, please contact:
Ingrid Östhols
Head of Corporate Communications & IR
PA Resources AB
Tel: +46 72 181 08 67
E-mail: ir@paresources.se
PA Resources AB (publ) is an international oil and gas group which conducts
exploration, development and production of oil and gas assets. The Group
operates in Tunisia, Republic of Congo (Brazzaville), Equatorial Guinea, United
Kingdom, Denmark, Netherlands and Germany. PA Resources is producing oil in West
Africa and North Africa. The parent company is located in Stockholm, Sweden. PA
Resources’ net sales amounted to SEK 1,312 million in 2013. The share is listed
on the NASDAQ OMX in Stockholm, Sweden. For additional information, please visit
www.paresources.se.
The above information has been made public in accordance with the Securities
Market Act and/or the Financial Instruments Trading Act. The information was
published at 02.00 p.m. CET on 31 March 2014.
