BW Energy gets $200 million six-year reserve-based lending facility

By Marisa Wong

Los Angeles, May 4 – BW Energy Ltd. announced a $200 million reserve-based lending facility with a syndicate of leading banks to enhance financial flexibility.

The six-year facility has a $100 million accordion, according to a news release.

As of March 31, BW Energy’s total available liquidity amounted to $168.3 million in cash with no debt.

BW is an oil and gas exploration and production company based in Hamilton, Bermuda. Its main assets are 73.5% of the producing Dussafu marine permit offshore Gabon and a 95% interest in the Maromba field in Brazil.

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