Finance & Investing | Private Equity | Capital Markets
Viking Investments Inks $5.0 Million Credit Facility
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Viking Investments Group, Inc. has executed a Term Sheet with a privately owned fund management group experienced in providing financing to companies within the oil and gas sector.
The Term Sheet contemplates the Lender providing Viking with a $5M Senior Secured Debenture Facility, with an initial advance of $1.2M. The financing proceeds, provided the transaction closes, will be used to, among other things, place the second well within the Joffre D3 B Pool on production.
The Term Sheet is non-binding and any formal transaction between Viking and the Lender is subject to the parties executing a definitive loan agreement and other security documentation
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