Trinity, an independent E&P company focused on Trinidad and Tobago, today announces that the Company has agreed a further extension to the moratorium on principal repayments, relating to Trinity’s outstanding debt balance of US$13.0 million with its lender, until the 15th of July 2015. The extension of its credit facilities by its senior lender represents their continued support of Trinity and the Formal Sales Process (“FSP”).
Progress continues with the strategic review and FSP and as part of this Trinity retains a regular dialogue with its lender and creditors.