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Crown Point Energy raises US$55M through secured and unsecured notes for Argentine growth and asset development.

PRIVATESep 04, 20263 days ago

Amount Raised

$55 Million

Round Type

Debt Financing

CalgaryEnergyOil And Gas

Description

Crown Point Energy's Argentine subsidiary raised US$55 million through the issuance of US$8.2 million in secured Series X notes and US$46.8 million in unsecured Series XI notes. Both instruments are fixed-rate and denominated in U.S. dollars, with repayments staggered between 2026 and 2029. The offering partially refinances existing Series VII notes

Company Information

Company

Crown Point Energy

Location

Calgary, Alberta, Canada

About

Crown Point Energy Inc. is an international oil and gas exploration and development company incorporated in Alberta, Canada, trading on the TSX Venture Exchange and operating in Argentina. The company's exploration and development activities are focused in three producing basins in Argentina, with a strategy that focuses on establishing a portfolio of producing properties, plus production enhancement and exploration opportunities to provide a basis for future growth.

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Crown Point Energy raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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