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UK-listed Tullow Oil retains $500 million liquidity headroom

(Reuters) - Tullow Oil <TLW.L> said on Wednesday it retains $500 million liquidity headroom as of the start of the final quarter of its fiscal year following the redetermination of its credit facility that has $1.8 billion of debt capacity.

The UK-listed oil producer, which has been looking at ways to avoid a cash crunch after a $1.3 billion first-half loss due to the coronavirus-led crash in oil prices, also said it would hold its capital markets day on Nov. 25.

(Reporting by Muvija M in Bengaluru; Editing by Arun Koyyur)