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he fact that Ecopetrol has gone public with its intentions indicates the near certainty that a deal has been agreed upon in advance within Colombia’s government. It also reveals an intention of the Colombian government to raise cash without further direct indebtedness, by selling...
Following an initial eight-month term, the credit facility is expected to be extended to two years “upon satisfaction of certain extension conditions."
This month, the Inter-American Development Bank (IDB) priced a new $3.75 billion USD five-year global bond listed on the London Stock Exchange, the financial institution’s largest dollar-based five-year benchmark to date. According to the regional development bank, which is...
While initially offering $175 per $1,000 face value of delinquent Pacific Exploration & Production (TSX: PRE) (BVC: PREC) notes due between 2019 and 2015, Harbour Energy subsidiary EIG Pacific Holdings has revised downward its offer to $160 per $1,000 face value, and amended...
Pacific Exploration & Production Corp. (TSX: PRE) (BVC: PREC) announced today that the Toronto based petroleum company’s lenders have agreed to extend the liquidity deadline to 11:59 pm EST on February 26, 2016, which is the end of the existing waiver period. The waivers...
Pacific Exploration & Production Corp. (TSX: PRE) (BVC: PREC) announced today that the company and its lenders have agreed to extend the Liquidity Deadline to February 4, 2016, “or such later date as the company and its lenders shall agree.” This comes after the oil company...
Pacific Exploration & Production Corp. (TSX: PRE) (BVC: PREC), formerly known as Pacific Rubiales, announced on Thursday that it has elected to utilize the 30 day grace period pursuant to the indentures governing its 5.625% notes due January 19, 2025, and its 5.375% notes due...