PNG and Alaska assets

OSL enters into US$300m credit facilities

The credit facilities aim to support the company’s growth opportunities in both its PNG and Alaska assets.

The banks include the Commonwealth Bank of Australia (CBA), Mizuho Bank Limited (Mizuho) and Sumitomo Mitsui Banking Corporation Sydney Branch (SMBC).

The new facilities each have a five-year term and will expire in December 2023. They replace two US$125 million bilateral facilities that were due to expire in December 2018.