Aker BP to partly repay revolver borrowings with new note proceeds

By Sarah Lizee

Olympia, Wash., June 10 – Aker BP ASA plans to partially repay drawn commitments under its revolving credit facility using proceeds from a new offering of notes, according to an announcement.

The company announced Monday that it plans to shop a $500 million offering of five-year senior notes.

Aker BP is an Oslo-based oil and gas exploration and production company.

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