Tullow Oil expects debt refinancing talks to end in second quarter

  • 2/10/2021
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LONDON, Feb 10 (Reuters) - Tullow Oil Chief Executive Rahul Dhir said on Wednesday he expected talks with creditors to end in the second quarter over refinancing the company’s $2.4 billion in net debt. Tullow is also in talks with banks about a covenant test for its reserve based lending debt facility which were extended by about a month until the end of the month to reflect recent divestments and investment plans revealed late last year. (Reporting by Shadia Nasralla; Editing by Edmund Blair)

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