Tullow Oil increases credit facility

FTSE 100 energy explorer Tullow Oil yesterday said it has refinanced its $500m (£300m) revolving credit facility and increased the size to $750m. It has also extended the offering’s maturity until April 2017, replacing the previous facility which was due to expire in November 2014. Bank of America Merrill Lynch, BNP Paribas, Credit Agricole, HSBC, ING, Natixis, Societe Generale, Standard Chartered, RBS and Standard Bank are arranging the deal.