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| Home : Dundee Energy Limited Announces Negotiations to Refinance Castor Project |
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Jul 15
2013 |
Dundee Energy Limited Announces Negotiations to Refinance Castor Project |
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TORONTO, ONTARIO--(Marketwired - July 15, 2013) - Dundee Energy Limited ("Dundee Energy" or the "Corporation) (TSX:DEN) announces today that Watercraft Capital S.A., a Luxembourg corporation ("Watercraft"), has been established for the sole purpose of raising approximately EUR1.434 billion 21.5-year secured Euro-denominated bonds (the "Euro Bonds") as a refinancing of the Castor underground gas storage facility in Spain. Proceeds raised from the offering will be on-lent to Escal UGS SL to refinance the Castor Project. The terms and conditions of the Euro Bonds have not been finalized and remain subject to regulatory and other customary approvals. |
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| Source:http://www.marketwire.com/mw/release.do?id=1811076&sourceType=3 |
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