Echo Energy as Greenberry lifts total debt facility to €20m
Echo Energy's shares have fallen almost 4% after it said further to the institutional loan with Greenberry announced on 15 May, the lender had purchased the further principal of €5m. This brought the total debt facility to €20m.
FTSE AIM All-Share
742.80
17:14 24/09/24
n/a
n/a
Nativo Resources
0.00p
16:55 24/09/24
-3.85%
0.00p
Oil & Gas Producers
8,228.42
17:09 24/09/24
-0.25%
-20.62
"This positions the company with circa £26m cash, once the various equity and debt transactions have completed," it said in a statement.
Greenberry was one of Echo Energy's two cornerstone investors.
At 13:22 BST, shares in AIM-listed Echo Energy were down 0.58% to 21.25p each, off earlier lows.