Maha Vitality AB (“Maha” or the “Firm”) is happy to announce that it has signed a time period sheet with a banking establishment with expertise within the Brazilian E&P sector for future financing to help the expansion of the Firm (the “Financing”). The completion of the Financing is topic to customary due diligence and closing documentation, and the Firm has granted an exclusivity interval of 55 days to finalize due diligence and documentation. Throughout this era, the Firm retains the appropriate to debate a possible refinancing of its SEK 300 million bond with present bondholders.
The web proceeds from the contemplated Financing shall be used to refinance the prevailing bond debt, finance capital expenditures throughout Maha’s portfolio and common company functions.
Pareto Securites AS is appearing as sole monetary advisor and Setterwalls is appearing as authorized advisor to Maha at the side of the Financing.
This data is such data as Maha Vitality AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The knowledge was submitted for publication, by way of the company of the contact particular person set out beneath, at 22:00 CET on February 4, 2021.
For extra data, please contact:
Jonas Lindvall (CEO)
Tel: +46 8 611 05 11
Victoria Berg (Investor Relations)
Tel: +46 8 611 05 11
Maha Vitality AB (publ) is a listed, worldwide upstream oil and fuel firm whose enterprise actions embrace exploration, improvement and manufacturing of crude oil and pure fuel. The technique is to focus on and develop underperforming hydrocarbon property on international foundation. Maha operates 4 oil fields: Tartaruga and Tie in Brazil, Powder River (LAK Ranch) and Illinois Basin in america. The shares are listed on Nasdaq Stockholm (MAHA-A). The top workplace is in Stockholm, Sweden with a technical workplace in Calgary, Canada, in addition to operations places of work in Grayville, Illinois, USA and Rio De Janeiro, Brazil. For extra data, please go to our web site www.mahaenergy.ca