July 10, 2023
Regency Petroleum Company Limited (RPL) has advised that it has privately placed, by way of an exempt distribution US$1,400,000 in Secured Notes Due 2025 – arranged by GK Capital Management Limited. The US$ Fixed Rate Secured Notes will be issued in two tranches with Tranche A amounting to US$600,000 issued as of June 30, 2023 and Tranche B amounting to US$800,000 expected to be drawn down on or before September 29, 2023. RPL has further advised that the proceeds from this debt raise will be used to construct a service station located on Spanish Town Road.
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