Lundin Petroleum president and CEO Ashley Heppenstall said the company has closed this financing with such a high profile group of 25 international banks, combining existing and new lenders.
"This USD 2.5 billion fully committed credit facility, together with our healthy operational cash-flows, will allow us to fully fund our Edvard Grieg and Brynhild developments as well as on-going projects and our exploration programme over the next several years," Heppenstall added.
"We will also have significant spare financial capacity to potentially seize new opportunities or carry out additional developments."
The company opted for the senior secured revolving facility in order to adjust to its group financing needs.
Lundin Petroleum is a Swedish independent oil and gas exploration and production company.
