June 29, 2021 |
Argentine oil and natural gas producer Compañía General de Combustibles (CGC) said it is negotiating a long-term credit line for $150 million from Eurobanco Bank, after landing a shorter line for $100 million.
The company arranged a six-month credit line for $100 million at Libor plus 9%, for which it will use the proceeds for investments and working capital, according to a securities filing.
The second credit line with the Nassau, The Bahamas-based bank would go toward financing the same purpos
Argentine oil producer wants $150 mln from Bahamas-based Eurobanco after getting a 180-day credit line