Puma Energy successfully closes USD 300m financing
19 December 2012 - Puma Energy has successfully closed its debut seven year committed Long Term Central America Financing totalling US$ 300 million. The closing received strong support from regional banks, with the facility being fully subscribed by banks mainly located in Central America.
Puma Energy completed its acquisition of ExxonMobil's fuels marketing and supply businesses in Belize, El Salvador, Guatemala, Honduras, Nicaragua and Panama in March 2012. The Facilities will be used for re-financing part of the acquisition price of Puma Energy’s Central American businesses.
Puma Energy’s Chief Financial Officer, Denis Chazarain, said: “The support received from the banking community for this facility demonstrates confidence that Puma Energy is one of the leading fuel supply companies in the Central American region with a proven ability and track record, in particular control over cash flows. We are grateful to all the participant banks that made this possible, particularly to lead manager Citigroup.”
Puma Energy is one of the largest independent midstream and downstream oil companies, currently operating in over 30 countries. The acquisition of ExxonMobil’s assets in Central America was a milestone for the company, following the acquisition of BP’s businesses in Southern Africa in late 2010.