Puma Syndicated Loan Crosses Finish

Puma Syndicated Loan Crosses Finish

Central America Loans

Puma Energy, a subsidiary of commodity trader Trafigura, has closed a $300m, 7-year syndicated loan, it says. The company declines to comment on the Libor-based interest rate or give additional details. The transaction was originally expected at $330m, but was reduced because the company didn’t need the extra $30m, according to a person familiar with the deal, who notes it was syndicated to a group of local and regional banks. The proceeds will be used to pay for the acquisition of gas stations

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