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Santos today announced that it had secured an additional 3-year, $1 billion bilateral bank loan facility.

The new facility with ANZ Banking Group significantly enhances Santos’ liquidity profile and financial flexibility at attractive funding costs.

Santos Chief Financial Officer Andrew Seaton said that the facility further strengthens Santos’ conservative liquidity profile.

“This facility provides a substantial buffer over and above the company’s funding needs in the current uncertain oil price environment,” Mr Seaton said.