Puma Energy three year revolving credit facility renewed
6 June 2013 - Puma Energy, the global mid and downstream energy company, today renewed its committed, revolving credit facility. The USD449 million facility was significantly oversubscribed. Acting as lead arrangers and book runners on the transaction were BNP Paribas, FirstRand Bank, Natixis, Nedbank, Société Générale and Standard Bank. Of note was the strong global demand from a number of international banks (*for full list).
The three-year term loan tranche of the facility was the most popular, demonstrating comfort in Puma Energy’s long term strategic objective. The Facility will be for general corporate and working capital purposes.
Puma Energy’s Chief Financial Officer, Denis Chazarain, said: "Puma Energy is once again extremely pleased to see strong support from pre-existing relationship banks as well as some new institutions who have dedicated the time to understand and support our business model. Puma Energy’s operations will continue to grow across various segments and we look forward to further identifying and aligning bank interests with these expanding opportunities."
* Participating bank include Goldman Sachs, ING, National Australia Bank, Banco do Brasil, BGFI International, GarantiBank, Zenith Bank, Hua Nan Commercial Bank, Bramer Bank, ICICI Bank, Ecobank, CaixaBank, Federated Project and Trade Finance Core Fund.
Puma Energy Global Press Office - email@example.com
Note to editorsAbout Puma Energy
Puma Energy is a global integrated midstream and downstream oil company active in over 35 countries. Formed in 1997 in Central America, Puma Energy has since expanded its activities worldwide, achieving rapid growth, diversification and product line development.
The group directly manages over 6,000 employees, is headquartered in Singapore and has regional hubs in Johannesburg (South Africa), San Juan (Puerto Rico), Brisbane (Australia) and Tallinn (Estonia). Puma Energy's core activities in the midstream sector include the supply, storage and transportation of petroleum products. Puma Energy's activities are underpinned by investment in infrastructure which optimises supply chain systems, capturing value as both asset owner and marketer of product.
Puma Energy's downstream activities include the distribution, retail sales and wholesale of the full range of refined products, with additional product offerings in the lubricants, bitumen, LPG and marine bunkering sectors. Puma currently has a global network of over 1,500 retail service stations. Puma Energy also provides a robust platform for independent entrepreneurs to develop their businesses, by providing a viable alternative to traditional market supply sources. Total sales are expected to reach over USD 13 billion in 2013.
Puma Energy's strategic shareholders are Trafigura Beheer B.V, one of the world's largest independent commodity traders, and Sonangol, the national oil company of Angola.