Central Appalachia producer Xinergy receives $20 million financing commitment

摘要

Central Appalachia producer Xinergy has secured a $20 million financing commitment from Marret Asset Management on behalf of various funds under its management. The financing commitment contemplates an issuance of S20 million in principal amount of first lien senior secured notes at an interest rate of 9.875% per annum for a 3-year term. The notes will be issued at an original issue discount of 98 percent of face value.