Puma's $425m pushes loan tenor to five years

Centrica 230x150 Morcambe Bay Offshore
By Bianca Boorer
18 Sep 2017

Puma Energy, the midstream and downstream oil company, has signed a five year loan that was oversubscribed by its relationship banks.

Puma Energy Holdings Ltd is rated Baa2/BB. As many of its activities are based in the emerging markets, it is often considered an EM credit.

The facility, signed on September 14, has a $350m tranche 'A' unsecured amortising term loan, with an accordion feature of up to $75m, ...

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