Canacol Energy Ltd. has closed its previously announced upsizing of its existing senior secured term loan with a syndicate of banks led by Credit Suisse as Lead Arranger, Sole Bookrunner and Administrative Agent, and including Banco Davivienda, Bladex, Corpbanca, Export Development Canada (EDC), and Citi as Mandated Lead Arrangers, and Banco de Occidente and the Industrial and Commercial Bank of China (ICBC) as Arrangers.

The revised term loan resulted in the upsizing of the previous term loan by US$80 million, from US$140 million to US$220 million, with no changes to the term of the loan or the repayment schedule. Interest is payable quarterly and principal repayable in 15 equal quarterly instalments starting in October 2014.

Tags: Canacol Energy Inc.