EnQuest Gets $900 Million Revolving Credit to Refinance, Expand

EnQuest Plc, a North Sea oil company, said it raised $900 million from a multi-currency credit line to fund potential acquisitions and refinance an existing credit facility.

The financing includes $525 million of committed funds and $375 million potentially available if the London-based company expands, according to a statement today.

The revolving credit facility provided by seven lenders replaces a $280 million facility that expired earlier this year, the company said.