Frontera Announces the Closing and Funding of The Recapitalization of Its ODL Interest Through a New $220 Million Non-Recourse,

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  Posted by Two Blokes Thu at 4:30 AM - Filed in Stock - 1 view
  
  Closing of Recapitalization Financing Satisfies the Financing Condition Under Its Tender Offer and Consent Solicitation CALGARY, AB , May 14, 2025 /PRNewswire/ - Frontera Energy Corporation (TSX: FEC) ("Frontera" or the "Company") announces that Frontera's wholly-owned subsidiary, Frontera Pipeline Investment AG ("FPI") and a syndicate of lenders led by Macquarie Group (the "Lenders") have entered into an amended and restated credit agreement whereby, among other things, the Lenders agreed to increase the amounts available in the original credit agreement to $220 million (the "Recapitalization Facility"), guaranteed by Frontera ODL Holding Corp., the parent company of FPI. The Recapitalization Facility is supported exclusively by the cash flows from the Company's interest in Oleoducto de los Llanos Orientales S.A.