CITGO Petroleum Corporation Completes $1.10 Billion Senior Secured Notes Offering
09.21.2023 By Tank Terminals - NEWS

September 21, 2023 [Benzinga]- CITGO Petroleum Corporation (“CITGO”) confirmed today it has completed its previously announced private offering of $1.10 billion aggregate principal amount of 8.375% senior secured notes due 2029 (the “notes”).

 

The offering generated net proceeds of approximately $1.090 billion, after deducting the initial purchasers’ discounts and estimated offering expenses. CITGO intends to use the net proceeds from the offering of the notes for general corporate purposes and to pay all fees and expenses in connection with the sale of the notes. In addition, CITGO paid a dividend to CITGO Holding, Inc. (“CITGO Holding”) of approximately $1.120 billion to fund the redemption of the $1.286 billion aggregate principal amount of CITGO Holding’s 9.25% senior secured notes due 2024.

 

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

India's First Methanol Plant to be Set up in Telangana
11.21.2024 - NEWS
November 21, 2024 [Chem Analyst]- In a groundbreaking initiative, India is set to get its first m... Read More
Egypt in Talks with Foreign Companies Over Long-Term LNG Purchases, Sources Say
11.21.2024 - NEWS
November 21, 2024 [Reuters]- Egypt is in talks with U.S. and other foreign companies to purchase ... Read More
INEOS and GNFC Sign a Memorandum of Understanding to Build a New World Scale Acetic Acid Unit in India
11.21.2024 - NEWS
November 21, 2024 [INEOS]- INEOS Acetyls and Gujarat Narmada Valley Fertilizers & Chemicals L... Read More
Peru's State Oil Firm Could Open to Private Investors in 2025, Chairman says
11.21.2024 - NEWS
November 21, 2024 [Reuters]- Peru’s indebted state-run oil firm could consider offering a ... Read More