- Initial cash sweep completed following the successful financial restructuring
- ORRI Cash Amount of £1.95 million repaid in full
- Additional £1.996 million prepayment made to the Trafigura facility
- Total debt repayments of £5.241 million since 24 June 2026, demonstrating the Company's accelerating deleveraging strategy
- Future cash sweeps will now be applied entirely towards accelerating repayment of the Trafigura facility
- Demonstrates the cash-generative strength of the business and validates the recently completed restructuring
- Further strengthens the balance sheet while supporting continued investment in growth alongside accelerated deleveraging
Angus Energy is pleased to announce that, following completion of its recently announced financial restructuring, it has completed the first cash sweep under the amended financing arrangements.
Completion of the first cash sweep has enabled the Company to repay the £1.95 million ORRI Cash Amount in full, eliminating this liability entirely, while also making a £1.996 million prepayment against the Trafigura senior debt facility. As a result, the outstanding Trafigura facility has reduced to approximately £22.7 million.
Since announcing the restructuring on 26 June 2026, the Company has repaid a total of £5.241 million of debt principal, materially strengthening the Group's balance sheet. This rapid reduction in indebtedness demonstrates the Company's ability to generate cash while executing its strategy of accelerating deleveraging and continuing to invest in future growth.
The repayment of the ORRI Cash Amount represents an important milestone. Under the amended financing arrangements, all future cash sweep proceeds will now be directed exclusively towards reducing the outstanding Trafigura facility, accelerating the Company's deleveraging profile.
Carlos Fernandes, Finance Director, commented:
'The completion of our first cash sweep demonstrates that our restructuring strategy is already delivering tangible results. We have significantly strengthened the balance sheet, eliminated the ORRI liability and reduced the Trafigura facility, while continuing to invest in the business.
Every pound of debt we repay reduces future financing obligations and increases the value attributable to shareholders. With future cash sweeps now directed entirely towards the Trafigura facility, we are well positioned to continue accelerating deleveraging while executing our operational growth strategy.'
Source: Angus Energy
