Phoenix adds to bridge loan

Phoenix adds to bridge loan

Loans Argentina United Kingdom Switzerland Gas Oil

Phoenix Global Resources, a London-based oil and natural gas exploration and production company focused on Argentina, said Wednesday that it has secured $36 million in additional financing from its controlling shareholder Mercuria. Mercuria, a Switzerland-based international commodities trader, agreed to lend the money as part of a bridge loan that carries interest at US dollar LIBOR plus 4%, Phoenix said in a securities filing. The additional money takes the total loan to $133.5 million, it add

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