Panoro Energy Strengthens Financial Position with Bond Proceeds

Panoro Energy ASA (PESAF) has released an update.

Panoro Energy ASA has successfully utilized the net proceeds from a USD 150 million bond issue to fully repay its USD 82.5 million Reserve Based Lending facility, with the remaining funds allocated for general corporate purposes. This financial maneuver underscores Panoro’s strategic management of its capital structure, enhancing its operational flexibility.

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