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Santos pays down $250m in debt

Oil and gas major Santos has repaid $250-million of its $1.2-billion export credit agency- (ECA-) supported uncovered syndicated facility, which was scheduled to mature in 2019.

The ASX-listed company told shareholders on Tuesday that the early repayment would result in gross interest savings of about $5.5-million a year.

Tiger secures senior finance facility repayment extension

ASX-listed Tiger Resources has secured an extension for the first repayments on its $162.5-million senior financing facility. Taurus Mining Finance Fund, Resource Capital Fund and the International Finance Corporation have agreed to extend the date for payment of the first scheduled repayment instalment of $1.625-million and the second scheduled repayment instalment of $812 500 until May 1.