Amplitude Energy (ASX:AEL) obtained an AU$80 million increase in the initial facility limit of its reserves-based loan with a group of domestic and international banks, bringing its debt to AU$480 million, according to a Tuesday filing with the Australian bourse.
The facility's maturity has been extended by two years to Sept. 30, 2029, which is after the start of production at the East Coast Supply Project.
The gas explorer's existing AU$20 million working capital facility has been retained, with the maturity also extended to Sept. 30, 2029. The interest rates and margins on both facilities are unchanged, the filing stated.
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