Independent oil business Prax Group has successfully extended its financial backing with some of the biggest global banking names.
The owner of Lindsey Oil Refinery, which has just bought exploration company Hurricane Energy, has now shored up its $1 billion securitisation facility.
Agreements, amended to include overseas group companies, now stretch to late February 2025, with HSBC, Citi, JP Morgan Chase, Royal Bank of Canada and NordLB underwriting as note purchasers.
