Mart Resources, Inc. Condensed Consolidated Interim Financia Mart Resources, Inc.
Condensed Consolidated Interim Financial Statements
(unaudited)
June 30, 2014 and 2013
Here's an excerpt from the report above:
21. Subsequent events
Financing
In July 2014, the Company increased its secured term loan credit facility with Guaranty Trust Bank PLC from US$175
million to US$232.5 million. The increase in the facility is available to provide funds for potential future Nigerian oil
and gas opportunities. The secured loan facility has a term of five years and bears interest at 90 days LIBOR plus 4%
(floor of 8.25%), which is unchanged from the terms of the Company's prior facility with Guaranty Trust Bank PLC.
Lots of money to do lots of things