Trinidad Petroleum drills for debt

Trinidad Petroleum drills for debt

Loans Debt Corporate & Sovereign Strategy Energy Trinidad & Tobago Caribbean

Trinidad Petroleum Holding is a few weeks away from signing a new loan for at least $850m, LatinFinance has heard. The state-owned oil company, formerly known as Petrotrin, hired Bladex, Credit Suisse, First Citizens Bank and Morgan Stanley as the joint lead arrangers a couple of months ago, according to a source close to the deal. The joint lead arrangers have approached other lenders and are now ironing out the terms of the deal. They will likely ask for banks to send their commitment letter

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