The North Sea's largest independent oil company, Premier Oil, has pushed back issuing 2.6 billion in debt until after the new year. The strained oil company had planned on revealing the rescue package at the end of September, but pushed back the deadline at the last moment. The 40 institutional lenders included in the syndicate have not been able to finalize the deal citing the scale and complexity of the arrangement as well as current exposure in the sector.
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