J.P. Morgan Negotiating Refinancing of $1 Billion Sable Offshore Loan at 15% Interest

J.P. Morgan is in discussions with investors to refinance a nearly $1 billion loan for Sable Offshore Energy (SOC:NYSE) at a 15% interest rate, including amortization payments starting at 20%. The refinancing comes as the company resumes crude oil sales after a period of operational pause.

By Carl Surran, SA News Editor · Seeking Alpha ·

J.P. Morgan Negotiating Refinancing of $1 Billion Sable Offshore Loan at 15% Interest

Tickers: $JPM $SOC

Topics: debt refinancing J.P. Morgan Sable Offshore

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