Singapore's InterOil Corp. increased its syndicated, senior secured capital expenditure facility to $300 million from $250 million through a consortium of banks led by Credit Suisse. The facility will bear interest at LIBOR plus 500bp and mature at the end of 2015. The company plans to fund its key capital and operating expenditure for exploration and appraisal in the Eastern Papuan Basin of Papua New Guinea.Banks participating in the syndicate include Commonwealth Bank of......
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