- Oil and gas production and development company EnQuest said it had signed a new borrowing base debt facility of $750 million to fund refinancing and the Golden Eagle acquisition.

The new facility included a debt facility of approximately $600 million and an additional amount of $150 million for letters of credit for up to seven years.

'The new facility will enable the group to simplify its existing capital structure and finance the acquisition of a 26.69% interest in the Golden Eagle assets,' the company said.

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