Karoon Agrees Terms with NAB for USD 100 Mln Bridge Facility

Karoon has negotiated key commercial terms for a US$100 million bridge facility with National Australia Bank.

This facility will be used to fund operational cashflow requirements prior to the receipt of US$600 million proceeds from the sale of Karoon’s Browse Basin permits, WA-315-P and WA-398-P, to Origin Energy.

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Press Release, June 12, 2014