Puma Energy closes US$100 million private placement transaction

AA – Puma Energy, the global integrated midstream and downstream energy company, today announces the successful closing of a senior unsecured private placement transaction (the “EUPP”) with Delta Lloyd Asset Management, a blue chip European institutional investor, for US$ 100 million. The EUPP has a coupon rate of 5.87% with a 7 year final maturity.

The proceeds from the EUPP will be used to repay a portion of existing indebtedness and for general corporate purposes.

Rabobank acted as sole placement agent on this transaction.

Commenting on this event, Denis Chazarain, CFO of Puma Energy, said:
“I am pleased Puma Energy has achieved another long term unsecured private placement at an attractive level with a high quality investor. This shows the continued confidence from leading capital markets participants in Puma Energy’s robust business model and its long-term outlook.”

Puma Energy’s Global Head of Corporate Finance and Treasury, Dirk-Jan Vanderbroeck said:
“We are delighted to obtain the support from a highly regarded institution such as Delta Lloyd and look forward to continuing to strengthen our relationship. This transaction is the second private placement executed by Puma Energy since its inaugural public bond issuance. It is in line with our strategy to further diversify our funding mix by accessing the private placement market.”

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