Endeavour International Corp. (NYSE: END) will refinance its existing revolving credit facility and two reimbursement agreements with new credit facilities, the company said Jan. 6.
The company is discussing new credit facilities with prospective lenders, it said, adding that terms will be disclosed when the refinancing is complete. The company is uncertain whether new credit facilities will be put in place, it cautioned.
Credit Suisse (NYSE: CS) is assisting the company with the marketing process, the company said.
Endeavour International is an oil and gas E&P, operating internationally, focused on North Sea and United States energy reserves. It is based in Houston.
Recommended Reading
NOG Closes Utica Shale, Delaware Basin Acquisitions
2024-02-05 - Northern Oil and Gas’ Utica deal marks the entry of the non-op E&P in the shale play while it’s Delaware Basin acquisition extends its footprint in the Permian.
Vital Energy Again Ups Interest in Acquired Permian Assets
2024-02-06 - Vital Energy added even more working interests in Permian Basin assets acquired from Henry Energy LP last year at a purchase price discounted versus recent deals, an analyst said.
California Resources Corp., Aera Energy to Combine in $2.1B Merger
2024-02-07 - The announced combination between California Resources and Aera Energy comes one year after Exxon and Shell closed the sale of Aera to a German asset manager for $4 billion.
DXP Enterprises Buys Water Service Company Kappe Associates
2024-02-06 - DXP Enterprise’s purchase of Kappe, a water and wastewater company, adds scale to DXP’s national water management profile.
Tellurian Exploring Sale of Upstream Haynesville Shale Assets
2024-02-06 - Tellurian, which in November raised doubts about its ability to continue as a going concern, said cash from a divestiture would be used to pay off debt and finance the company’s Driftwood LNG project.