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Stock impact report

VAALCO Energy, Inc. Enters Into New $300 Million Revolving Credit Facility

VAALCO Energy, Inc. (EGY) 
US:NYSE Investor Relations: vaalco.com/about-us/governance
Company Research Source: GlobeNewswire
HOUSTON, March 05, 2025 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“Vaalco” or the “Company”) announced that it has entered into a new revolving credit facility (“the new facility”) with an initial commitment of $190 million and the ability to grow to $300 million, led by The Standard Bank of South Africa Limited, Isle of Man Branch with other participating banks and financial partners. This new facility, which is subject to customary administrative conditional precedents, replaces the Company’s existing undrawn revolving credit facility that was provided by Glencore Energy UK Ltd. The Company arranged the new facility primarily to provide short-term funding that may be needed from time-to-time to supplement its inter Read more
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