Trinity Exploration extends debt moratorium

14th Sep 2015 11:37

(ShareCast News) - Trinity Exploration has agreed a further extension to the moratorium on principal payments relating to its outstanding debt balance of $13m with its lender until 25 September.Trinity, an exploration and production company focused on Trinidad and Tobago, said the extension of its credit facilities by its senior lender represents their continued support of Trinity and the formal sales process (FSP).The company said progress continues with the strategic review and FSP and as part of this, Trinity retains a regular dialogue with its lender and creditors.Trinity outlined a strategy in April to sell non-core assets as part of a formal sales process.At 1142 BST, shares in the company were down 18.7% at 5.8960p.