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Brazilian oil companies pick new CEOs
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Prio nabs Dommo
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Prio issues debentures during Dommo talks
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PetroRio turns bridge loan into three-year financing
PetroRio turns bridge loan into three-year financing Brazilian investment firm Prisma Capital allows the oil and gas company to stretch out payments on a $100 mln loan
DebtCorporate & Sovereign StrategyEquityM&AEnergyBrazilLatin AmericaLoans Brazilian oil and gas company PetroRio said Monday that local investment firm Prisma Capital had agreed to turn a $100 million bridge loan into three-year financing.
PetroRio had used the loan to finance the acquisition of 80% of the Tubarão Martelo oil field and the OSX-3 floating production storage and offloading (FPSO) vessel from Dommo Energia. It announced the $140 million deal in February this year.