Daily News: December 26, 2013

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.

To read the entire press release, click here.