Brief: Frontera Successfully Refinances Existing Puerto Bahía Debt, Enters Into Credit Agreement Led By Macquarie For Us$120 Million Loan Facility

Frontera Energy

27/03/2023 12:29

March 27 (Reuters) - Frontera Energy Corp  FEC.TO :
    * FRONTERA SUCCESSFULLY REFINANCES EXISTING PUERTO BAHÍA
DEBT,
ENTERS INTO CREDIT AGREEMENT LED BY MACQUARIE FOR US$120 MILLION
LOAN FACILITY
    * FRONTERA ENERGY - PROCEEDS OF NEW LOAN WILL BE PRIMARILY
USED TO
REPAY EXISTING SENIOR LOAN OF PUERTO BAHÍA MATURING IN JUNE 2025
    * FRONTERA ENERGY CORP - NEW LOAN PAYS SEMI-ANNUALLY,
AMORTIZES
DURING TERM OF LOAN, AND HAS A SCHEDULED $45 MILLION PAYMENT DUE
UPON MATURITY IN DEC 2027
    * FRONTERA ENERGY CORP - PROCEEDS OF NEW LOAN WILL ALSO PAY
TRANSACTION FEES AND EXPENSES AND FUND A 6-MONTH DEBT SERVICE
RESERVE ACCOUNT

Source text for Eikon:  ID:nCNWnkn9ma 
Further company coverage:  FEC.TO 

 ((Reuters.Briefs@thomsonreuters.com;))