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CITGO Corporation Refinances Debt

Press release content from PR Newswire. The AP news staff was not involved in its creation.
CITGO Corporation Refinances Debt
CITGO Logo (PRNewsfoto/CITGO Corporation)
HOUSTON, Feb. 11, 2021 /PRNewswire/ CITGO Petroleum Corporation (the “Company”) confirmed today it has completed its previously announced private offering of $650 million aggregate principal amount of 6.375% senior secured notes due 2026 (the “notes”). The transaction was significantly oversubscribed, with participation from a broad and diverse group of investors.
“We proactively accelerated this refinancing to take advantage of favorable market conditions,” said President and CEO Carlos Jordá, “which yielded beneficial pricing on an extended maturity. These results, combined with the excellent investor participation, prove once again that our underlying financial and operational strategies are sound and investor confidence in CITGO remains high.” ....

United States , Lake Charles , Corpus Christi , Carlos Jord , Petroleum Corporation The Company , Petroleum Corporation , North America , Oil And Gas Refining , Pr Newswire , Energy Industry , Oil And Gas Industry , ஒன்றுபட்டது மாநிலங்களில் , ஏரி சார்லஸ் , கார்பஸ் கிறிஸ்டி , கார்லோஸ் ஜார்ட் , பெட்ரோலியம் நிறுவனம் தி நிறுவனம் , பெட்ரோலியம் நிறுவனம் , வடக்கு அமெரிக்கா , எண்ணெய் மற்றும் வாயு சுத்திகரிப்பு , ஆற்றல் தொழில் , எண்ணெய் மற்றும் வாயு தொழில் ,

CITGO Petroleum Corporation Prices $650 Million Senior Secured Notes

CITGO Petroleum Corporation Prices $650 Million Senior Secured Notes
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HOUSTON, Feb. 3, 2021 /PRNewswire/ CITGO Petroleum Corporation (the Company ) has priced $650 million aggregate principal amount of 6.375% senior secured notes due 2026 in a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the Securities Act ). The closing of the offering is expected to occur on Feb. 11, 2021, subject to customary closing conditions.
The Company intends to use the total net proceeds from the sale of the notes, together with cash on hand, to redeem all $650 million of its 6.25% senior secured notes due 2022 (the 2022 notes ). The redemption of the 2022 notes is contingent upon the consummation of the notes offering. ....

United States , Lake Charles , Corpus Christi , Petroleum Corporation The Company , Petroleum Corporation , Securities Act , Citgo Corporation , ஒன்றுபட்டது மாநிலங்களில் , ஏரி சார்லஸ் , கார்பஸ் கிறிஸ்டி , பெட்ரோலியம் நிறுவனம் தி நிறுவனம் , பெட்ரோலியம் நிறுவனம் , பத்திரங்கள் நாடகம் , சிட்கோ நிறுவனம் ,