June 30, 2017 / 3:44 PM / 2 months ago

BRIEF-Blackpearl announces $75 mln senior secured second lien note financing

June 30 (Reuters) - Blackpearl Resources Inc

* Blackpearl announces $75 million senior secured second lien note financing and amendments to existing credit facilities

* Blackpearl Resources Inc says notes were issued at par and bear interest at 8.00 pct per year, payable quarterly in arrears, and mature on june 30, 2020

* Blackpearl Resources Inc - proceeds from issuance of notes will initially be used to repay amounts outstanding under existing credit facilities

* Blackpearl Resources Inc - company also amended its existing credit facilities with its banking syndicate

* Blackpearl Resources Inc - amendments include an increase in borrowing base amount from $117.5 million to $120 million

* Blackpearl Resources Inc - proceeds from issuance of notes will also be used to fund construction of expansion of onion lake thermal project Source text for Eikon: Further company coverage:

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