Canacol gets fresh financing

Canacol gets fresh financing

Colombia Ecuador Loans

Canacol Energy said it has received a five-year $265m syndicated loan at 550bp over Libor from nine banks to repay existing debt.Credit Suisse was the sole lead arranger and bookrunner, while Citi, Davivienda and Export Development Canada (EDC) were the mandated lead arrangers. Bancaribe, BHD International Bank, BICSA, Bladex and Metrobank took part as managers.Canacol said it can access another $40m in additional funding at the same terms within the next 12 months.The oil and gas company will u

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial