BRIEF-Mart Resources increases term loan facility to $175 mln

Thu, 27 Feb - 11:25pm

Feb 27 (Reuters) - Mart Resources MMT.V :

* Term loan facility increased to $175 million

* Arranged to increase existing secured term loan credit facility with guaranty

trust bank plc from $100 million to $175 million

* Secured loan facility has a term of five years and bears interest at 90 days

libor plus 4%

* Through -nigerian subsidiary, arranged to increase -existing secured term

loan credit facility with guaranty trust bank plc

* Source text for Eikon News Search ID:nMKW4qcRja

* Further company coverage MMT.V

((Bangalore Newsroom; +1 646 223 8780))

URN: 
urn:newsml:reuters.com:20140227:nWNAB04AUV:7
Topics: 
CMPNY CA PREC ENR MINE BLR RTRS CDM MIN GDM CORPD BMAT ENER US OILG EMRG DBT NG LEN LOA USC AFR AFE MTAL AMERS EXPL

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