Lundin's 1 Bn cash boost

摘要

Lundin Petroleum said today that it has secured US 1 Bn in new funding that will be used to fund its exploration and development programme,as well as new acquisitions.The financing consist of an 850m revolving borrowing base and letter of credit facility and a 150m unsecured corporate facility,available to subsidiaries of Lundin.They have been fully underwritten by BNP Paribas and sub-underwriters Bank of Scotland and Royal Bank of Scotland.