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Canacol Energy Ltd. Enters into a US $75 Million Senior Secured Term Loan Facility with Macquarie Group

Sep 04, 2024•almost 2 years ago

Contract Type

agreement

CalgaryEnergyOil And Gas

Description

Canacol Energy Ltd. has announced the closing of a 24 month US $75 million senior secured term loan facility with Macquarie Group. The Facility includes an initial draw of US $50 million, with a further commitment of US $25 million available for a twelve month period based on meeting certain production metrics.

Company Information

Company

Canacol Energy Ltd

Location

Calgary, Alberta, Canada

About

Canacol Canacol is a natural gas exploration and production company with operations focused in Colombia. The Corporation's common stock trades on the Toronto Stock Exchange, the OTCQX in the United States of America, and the Colombia Stock Exchange under ticker symbol CNE, CNNEF, and CNEC, respectively.

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