December 23, 2020 |
Brazilian oil and gas company PetroRio said Monday that local investment firm Prisma Capital had agreed to turn a $100 million bridge loan into three-year financing.
PetroRio had used the loan to finance the acquisition of 80% of the Tubarão Martelo oil field and the OSX-3 floating production storage and offloading (FPSO) vessel from Dommo Energia. It announced the $140 million deal in February this year.
The long-term financing carries the same interest rate as the bridge loan, but it divides t
Brazilian investment firm Prisma Capital allows the oil and gas company to stretch out payments on a $100 mln loan