Pacific Rubiales talking with banks about revolver

Pacific Rubiales talking with banks about revolver

Loans

Pacific Rubiales is expected to meet banks at the end of the month for an $800m, 3-year revolving credit facility, which is heard to be tied to a leverage grid. A smaller group of banks has already been invited to participate, LatinFinance understands. The Colombian oil producer closed a $700m 3-year revolver in 2012. That has a $400m dollar tranche paying 300bp over Libor, and a $300m-equivalent peso portion paying 2.5% above the DTF benchmark. By focusing on dollar funding with the new loan, t

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