London-Troubled UK-listed explorer Afren said Friday it has secured a $200 million loan from its creditors to continue developing its key Nigerian oil field as part of a financial res- cue deal to shore up its future. The interim funding, which is expected to be issued by the end of March, is part of a total $300 million loan package negotiated by Afren set to give it short-term liquidity reprieve amid a dire cash crunch.
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