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.
