Puma Energy secures loan months after failed bond

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By Mariam Meskin
29 Apr 2021

The Singapore-incorporated global energy company Puma Energy has bounced back after a planned bond issuance last year failed to materialise, raising $590m in the loan market. Sources say the company’s change of management and reorganisation brought a “sense of relief”.

The $586.5m one year transaction is split into two parts: a series of loans and credit instruments, and a fixed term loan. The transaction includes three extension options — two extensions, each of up to one year, and one of up to 90 days.

Proceeds from the loan will ...

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