Puma Energy's successful RCF closing
Puma Energy's closes debut revolving credit facility and term loan facility
2 March 2012 - Puma Energy LLC (“Puma Energy”) is pleased to announce the successful closing of its debut 364-day Revolving Credit Facility and 3-year Term Loan Facility (collectively, the “Facilities”) totalling US$ 260,000,000.
Following strong support from international and regional banks, the Facilities closed significantly oversubscribed, having launched at US$ 180,000,000. This successful transaction has established Puma Energy as an important borrower in the international syndicated loan market.
The Facilities will be used for general corporate and working capital purposes.
Puma Energy’s Chief Financial Officer, Denis Chazarain, said “The support received from the banking community in Puma Energy’s debut corporate facility demonstrates the banks’ confidence in Puma Energy’s business model. Puma Energy is grateful to the banks that have participated in the Facilities, it gives us great enthusiasm in being able to return to the market on a regular basis and for Puma Energy’s banking group to grow in line with its business. The Facilities will further enable Puma Energy to continue its long-term growth strategy”.
For further information please contact:
Puma Energy Press Office
Tel: +44 207 009 1708
Societe Generale Corporate & Investment Banking
Stuart Fidler +44 207 676 6709