Capital/Financing Update • Feb 27, 2024
Capital/Financing Update
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Reserve based lending facility – change in the Mandated Lead Arranger group
BNP Paribas, a lender in Pandion Energy`s reserve based lending (“RBL”) facility announced in 2023 an energy transition strategy which included an exit path from oil production financing. BNP Paribas has now transferred their shares in Pandion Energy`s RBL facility to Deutsche Bank, an incumbent lender, while also bringing aboard a new lender, SpareBank 1 SR-Bank.
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