Tuscany Intl Drilling Announces Amendment and Restatement of Credit Agreement

By Midnight Trader,  September 14, 2012, 02:23:45 PM EDT

Tuscany International Drilling Inc. (TID.TO) announced that its existing credit agreement with Credit Suisse and certain other lenders has been further amended and restated.

The US$210 million term loan that is currently outstanding has been extended and now matures on September 14, 2017 with the quarterly principal repayments now commencing on December 15, 2013, other than two US$2 million principal repayments required to be made on each of June 15, 2013 and September 15, 2013.

TID is unchanged at $0.335 on volumes of over 134,000.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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