Viking Investments Inks $5.0 Million Credit Facility
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
Announced Date
June 08,2015
Value ( $MM )
5
Type
Equity
Use of Fund
Fund Acquisition
Company
Viking Investments Group Inc
Regions
Canada
Country
Canada
Canada Related Financings
| Announced Date | Title | Company | Value($MM) | Financing Type |
|---|---|---|---|---|
| 2017-10-10 | Questerre Pulls C$31 Million from Equity Markets | Questerre Energy Corp. | 31 | Equity |
| 2017-05-17 | Riverstone, JOG Capital Take Stake In Vesta Energy | Vesta Energy | 216 | Equity |
| 2017-04-06 | Jaguar Resources Scoops Up $38MM from Equity Markets | Jaguar Resources Inc. | 38 | Equity |
| 2016-10-07 | Journey Energy Partners with AIMCo Gets $30 Million in funding | Journey Energy Inc | 30 | Equity |