Zephyr Energy (GB:ZPHR) has released an update.
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Zephyr Energy has successfully completed a semi-annual redetermination of its revolving credit facility with First International Bank & Trust, maintaining its $15.15 million credit line while securing a reduced interest rate of 10% per annum. The company’s overall borrowing has decreased to $27.4 million, contributing to a lower blended interest rate and reducing annualized interest costs by approximately $150,000. This financial maneuver underscores Zephyr’s stable growth strategy and commitment to responsible resource development.
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