Pacific Rubiales meets banks in Bogota

Pacific Rubiales meets banks in Bogota

Loans

Pacific Rubiales has met banks in Bogota for a $800m 4-year revolving credit facility paying 225bp over Libor, sources told LatinFinance. Bank of Tokyo, Citi, RBC, Scotiabank and Sumitomo are heard having committed ahead of the bank meetings, coming in to the deal with $120m each. Bank of America Merrill Lynch and JPMorgan are leading the transaction, which aims to raise funds to refinance Pacific Rubiales’ assets. The Toronto-listed oil producer closed a $700m 3-year revolver in 2012. That had

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