Credit Suisse Agents Canacol Facility Increase
Canacol Energy announced that it has closed its previously announced upsizing of its existing senior secured term loan with a syndicate of banks led by Credit Suisse as lead arranger, sole bookrunner and administrative agent, and including Banco Davivienda, Bladex, Corpbanca, Export Development Canada (EDC), and Citi as mandated lead arrangers, and Banco de Occidente and the Industrial and Commercial Bank of China (ICBC) as arrangers.
The revised term loan resulted in the upsizing of the previous term loan by $80 million, from $140 million to $220 million, with no changes to the term of the loan or the repayment schedule.
Canacol is an exploration and production company with operations focused in Colombia and Ecuador.
Previously on abfjournal: Credit Suisse Arranges Canacol Energy Term Loan Increase, March 17, 2014