VAALCO Energy, Inc. Enters Into New $300 Million Revolving Credit Facility
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VAALCO Energy, Inc. has secured a new $300 million revolving credit facility, initially committed at $190 million, led by The Standard Bank of South Africa. This facility replaces an undrawn facility from Glencore Energy UK Ltd and will support VAALCO's investment programs.
March 05, 2025 | 7:15 am
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VAALCO Energy has entered into a new $300 million revolving credit facility, initially committed at $190 million, to support its investment programs. This replaces an undrawn facility from Glencore.
The new credit facility provides VAALCO with increased financial flexibility to support its investment programs, which is a positive development for the company's growth prospects. The replacement of the undrawn facility with a larger one indicates confidence in the company's future plans.
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