VAALCO Energy enters new $300M revolving credit facility (initial $190M) to fund growth projects

VAALCO ENERGY INC /DE/

Six-year term; amortization begins September 30, 2026; accordion to $300M total.
Interest rate 6.5%+SOFR until Côte d'Ivoire FPSO dry dock completion, then 6.0%+SOFR.
Facility secured by assets in Gabon, Egypt and Côte d'Ivoire; replaces existing Glencore facility.
Undrawn available fee 35% of margin p.a.; undrawn unavailable fee 20% of margin p.a.

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