Canacol Energy establishes a financing relationship with Apollo Investment Corporation (Scandinavian Oil-Gas Magazine)

Canacol Energy establishes a financing relationship with Apollo Investment Corporation

Published Oct 31, 2014

Canacol Energy Ltd. has established a financing relationship with Apollo Investment Corporation to finance its investment in oil and gas properties in Colombia and Latin America.

As a result, the Corporation has entered into a US$ 100 million unsecured floating rate senior note indenture agreement (the "Senior Notes"), with US$ 50 million drawn and funded today, and a further US$ 50 million committed and available to be drawn at any time within 18 months at the sole discretion of Canacol, subject only to customary closing conditions.

Tags: Canacol Energy Inc.

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