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Venoco, Inc. Announces Refinancing of $75,000,000 Senior Term Loan

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DENVER, CO–(Marketwired – June 16, 2015) – Venoco, Inc. (“Venoco”, the “company”, “we”, or “us”) announced today that it entered into a new $75,000,000 term loan facility (the “new facility”) with Deutsche Bank AG. The new facility was fully drawn at closing, and matures in December, 2017, subject to acceleration in certain circumstances. The company used the proceeds from the new facility to repay all amounts outstanding under its prior term loan facility entered into in April, 2015 (the “prior facility”), and the prior facility was then terminated. Amounts borrowed under the new facility will bear interest at LIBOR plus …read more

Read more here:: http://www.marketwired.com/mw/release.do?id=2030363&sourceType=3

      

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