Petsec goes debt free

PETSEC Energy has settled its financial woes, clinching a deal to reconcile its $US29.2 million ($A29.1 million) subordinated-term loan with lender Lehman.

Petsec goes debt free Petsec goes debt free Petsec goes debt free Petsec goes debt free Petsec goes debt free

The company, which flagged the deal on its existing-term loan earlier this month, said loan would be fully extinguished in exchange for $12 million in cash, a 2.

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