Editorial

07 Mar 2013 Iona Energy Secured Borrowing Base Facility

Iona Energy Secured Borrowing Base Facility - Iona Energy, the Canadian Oil & Gas company, has finalised its secured borrowing base facility arranged by Bank of America Merrill Lynch, Lloyds Bank plc and BNP Paribas. The facility is related to the acquisition by Iona of Carrizo UK Huntingdon Limited, which provides various UK interests including a 15% non-operated interest in License P1114 of UK North Sea Block 22/14b. (Ashurst advised the Borrower.)

Financial Centre : London
Law Firm : Ashurst
Lawyer : Huw Thomas

Practice Area : International Finance and Bank Credit
Classification : Syndicated and Bilateral Loans
Sub-classification : Syndicated Loans
Industry : Oil & Gas Producers

Advised Party : Borrower
Value Range : USD100.01-500.00M

Borrower : Canada

Lender : United Kingdom