Simpson Thacher Represents BNP Paribas in Connection with Canacol Energy’s $200 Million Credit Agreement
Simpson Thacher represented BNP Paribas as sole lead arranger and sole bookrunner in connection with Canacol Energy Ltd.’s (“Canacol”) credit agreement for a $200 million senior secured reserve-based term loan. Proceeds from the loan will be used for repayment of Canacol’s existing term loan, costs of the transaction and for other general corporate purposes.
Canacol is a Canadian-based oil and gas exploration and production company with Latin American operations focused in Colombia and Ecuador.
The Simpson Thacher team included Robert Rabalais, Richard Sitton and Edward Bontkowski (Banking & Credit).