Re: citi LoC
in response to
by
posted on
Feb 05, 2017 02:14PM
I can't seem to find it this afternoon but I'm pretty sure I read somewhere that the LoC is renewable for up to an additional 5 years as part of the original agreement.
If the futility study is sucessful BP would be silly not to tie up this company in one way shape or form. The potential annual sales are in the $10 billion range. It is my contention that any tie up would come with sufficient cash to get rid of the loan.
tada