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CM - Upstream Capital Raises Briefs - September 13, 2019
Cabot Energy Inc. entered a nonbinding term sheet for an asset-level loan facility of up to C$5 million ($3.8 million) with a private energy lender to fund a winter work program. The Canadian subsidiary of London-based Cabot Energy plc expects to draw down the first advance of C$2.5 million about Nov. 30 and the remainder in early 2020. The 11.5% loan will mature Sept. 30, 2021. The winter program will consist primarily of four......
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