Rex International Holding Ltd. (SG:5WH) has released an update.
Rex International’s subsidiary, Lime Petroleum Holding AS, has successfully raised NOK 450 million through its existing Senior Secured Bond, boosting the total outstanding amount to NOK 1,650 million. The funds will be directed towards general corporate purposes including development capital expenditure on the Norwegian Continental Shelf. This strategic move underscores Rex International’s commitment to expanding its operational capabilities and strengthening its financial position.
For further insights into SG:5WH stock, check out TipRanks’ Stock Analysis page.
