Nov. 14 (Bloomberg) -- InterOil Corp., an oil and gas

explorer focused on Papua New Guinea, received a one-year $250m

secured capex loan, according to co. statement.

  * Syndicated facility was agreed on Nov. 11 and led by Credit

    Suisse: statement

  * Other lenders are CBA, ANZ, UBS, Macquarie, BSP, BNP and

    Westpac: statement

  * Proceeds will fund exploration and drilling program: report

  * Facility is secured by co.’s existing upstream and corporate

    entities: statement

  * Margin is 5.5% more than Libor on the drawn amount for the

    first six months: statement

  * After six months, the margin rises 2% every two months to a

    maximum of 11.5% in the last two months of the term:

    statement

  * Facility is payable in full upon sale or disposal of co.’s

    interest in the Elk and Antelope fields: statement

  * Co. is maintaining the debt-to-capital ratio at 50% or less:

    statement

  * Debt-to-capital ratio was 20% on Sept. 30, up from 13% a

    year ago: statement