Perth-based Aurora Oil and Gas has acquired a $300 million debt facility with a syndicate of banks for drilling at its Sugarkane Field Eagle Ford project in Texas, The West Australian reports. The facility will initially offer an initial payment of $85 million. The finance facility has been underwritten and arranged by BNP Paribas, Credit Suisse and UBS. The funding will be offered through a five-year revolving credit facility, adds WA Business News.

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