Mergers & Acquisitions

TPHL Announces Conditional Term Loan Commitments of Up to U.S.$720 million

TPHL Announces Conditional Term Loan Commitments of Up to U.S.$720 million PR Newswire PORT OF SPAIN, Trinidad and Tobago, May 31, 2019 PORT OF SPAIN, Trinidad and Tobago , May 31, 2019 /PRNewswire/ — Trinidad Petroleum Holdings Limited (“TPHL”) today announced that in connection with its ongoing negotiations with a syndicate of financial institutions to enter into a new senior secured term loan facility (the “Term Loan Facility”) under which TPHL is the borrower and The Guaracara Refining Company Limited, Heritage Petroleum Company Limited and Paria Fuel Trading Company Limited will be guarantors, it has received loan commitments (the “Commitments”) of up to U.S. $720 million in term loans from a syndicate of banks led by Credit Suisse AG, Cayman Islands Branch as Global Coordinator. The Term Loan Facility contemplates a single syndicated amortizing term facility, which may have multiple tranches, maturing as early as three years following the funding date […]