Phoenix Global gets additional funds

Phoenix Global gets additional funds

Debt Corporate & Sovereign Strategy Loans Gas Argentina Europe Latin America Coronavirus

Phoenix Global Resources, a London-based oil and natural gas exploration and production company focused on Argentina, said Monday that it has secured additional financing from its controlling shareholder Mercuria as both parties negotiate the restructuring of a $291 million revolving credit facility. Mercuria, a Swiss commodities trader that owns 83.6% of Phoenix, has agreed to increase an $11.5 million non-convertible bridging facility to $20 million, Phoenix said in a press release. The bridgi

Already have an account?

Free trial

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

Free Trial