JPMorgan, Credit Suisse Arrange Niko Facilities
Niko Resources announced senior-secured term loan facilities in an aggregate principal amount of $340 million. JPMorgan and Credit Suisse arranged the facilities.
Proceeds for Facility A will be used for general corporate purposes, subject to certain restrictions, and Facilities B and C will go toward expenditures related to a D6 Block in India.
Calgary, Canada-headquartered Niko Resources is focused on international oil and natural gas exploration and production.
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