Parallel Energy Trust announced that the revolving period of its credit facility will be renewed until September 30, 2015 at a revised amount $165 million, which is above the expected usage of the credit facility providing the Trust with sufficient liquidity to fund its operations. In addition to the reduction in the credit facility amount, Parallel's interest rate will be increased by 2% per annum and the Trust will be restricted from making cash distributions to unit holders until further notice.
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5-day change | 1st Jan Change | ||
0.000001 USD | -.--% | -.--% | -.--% |
2016 | Parallel Energy Trust Filed For Bankruptcy | CI |
2015 | Parallel Energy Trust Requests an Extension from its Lending Syndicate of its %165 Million Credit Facility | CI |
1st Jan change | Capi. | |
---|---|---|
-.--% | 55 | |
+11.22% | 306B | |
+12.21% | 153B | |
+51.38% | 124B | |
+22.70% | 83.43B | |
+12.20% | 78.06B | |
+19.56% | 62.81B | |
+13.52% | 60.08B | |
+12.74% | 49.91B | |
+33.97% | 37.05B |
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