Energean ( (GB:ENOG) ) has shared an announcement.
Energean plc announced the signing of a $750 million, 10-year senior-secured term loan with Bank Leumi, aimed at refinancing its 2026 notes and providing additional liquidity for the Katlan development. This loan, secured on Energean Israel’s assets, enhances the company’s financial resilience, optimizes financing costs, and extends the weighted average life of its debt to around seven years, with a blended cost of debt at approximately 7%.
More about Energean
Energean plc is a company operating in the energy sector, primarily focusing on the exploration, development, and production of oil and gas. The company has a significant market presence in the Eastern Mediterranean region, with a strong emphasis on gas contracting strategies, particularly in Israel.
YTD Price Performance: -2.68%
Average Trading Volume: 321,822
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.86B
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