March 8, 2019 |
Hokchi Energy, a subsidiary of Argentina's Pan American Energy (PAE), has signed a syndicated loan for up to $290m from five lenders, LatinFinance has heard.
BNP Paribas, Citibanamex, HSBC, JPMorgan and Natixis provided the five-year loan at 375bp over Libor, said a source close to the deal. Citi was the administrative agent, she added.
Linklaters and Galicia Abogados advised the banks, while Simpson Thacher was the legal adviser for the borrower.
Hokchi Energy will use the money to develop the
Argentine E&P company gets $290m to develop the Hokchi offshore site in the Gulf of Mexico, source says