Greenfields Petroleum Corporation Announces Extension of Senior Secured Debt Payments
May 30, 2019 at 07:28 pm EDT
Greenfields Petroleum Corporation has executed payment deferral letters with its senior debt lender, Vitol Energy (Bermuda) Ltd., to defer payments in the aggregate of $8.3 million until May 31, 2019. The Company anticipates the deferrals will give the Company sufficient time to comply with its obligations under the thirteenth amending agreement to the loan agreement between the Company and Vitol.