SGX Stock Tips : KrisEnergy transfers revolving credit facility to DBS Bank; CEO retires .
SINGAPORE (July 1): KrisEnergy has transferred its revolving credit facility to a single lender, DBS Bank.
In an announcement on Friday, the upstream oil and gas company says that as a result, its previous requirements for the facility's repayment and cancellation of US$55 million ($74 million) by July 29 and for raising minimum new capital of US$100 million and US$50 million by June 30 and November 30 this year, will no longer apply.
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