Cases & Deals

Canacol Energy obtains senior secured credit facility for subsidiary

Clients Canacol Energy Ltd.

Jones Day advised Canacol Energy Ltd., a vertically integrated, publicly listed, international energy company engaged in the acquisition, development, exploration, and production of crude oil and natural gas, in connection with the negotiation and documentation of a $200 million senior secured oil and gas reserves-based credit facility for wholly owned subsidiary Canacol Energy Colombia S.A. provided by a multinational consortium of banks led by The Bank of Nova Scotia and Citibank N.A., acting through its international banking facility. The credit facility will be used primarily to finance the acquisition, exploration, production, and distribution of oil and gas assets in Colombia.