Canacol Energy Ltd T.CNE

Alternate Symbol(s): CNNEF

Energy Oil & Gas E&P

Canacol Energy Ltd. is a Canada-based natural gas exploration and production company with operations focused on Colombia. The Company’s production primarily consists of natural gas from the Esperanza, VIM-5 and VIM-21 blocks located in the Lower Magdalena Valley basin in Colombia. The Company’s production also included crude oil from its Rancho Hermoso block in Colombia (Colombia oil). It supplies approximately 17% of the country’s gas needs and more than 50% of the Caribbean Coast’s gas demand. Its gas fields which produce from the Cienaga de Oro and Porquero proven reservoirs are connected to its central Jobo gas processing and treatment facility through more than 169 kilometers of flow lines, mainly flexible steel flow lines. It operates over 1.5 million net acres in 14 exploration and production contracts in Colombia, with 11 of these contracts focused on exploring for and developing natural gas. These blocks are all located in the Lower & Middle Magdalena Basins of Colombia.

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Canacol Energy Ltd

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Post by dirkelozadoon Nov 09, 2021 2:14pm

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Post# 34105876

Issue description: a seven year deal of $450m

https://cbonds.com/news/1494461/

Upcoming issue: Canacol Energy

November 9, 2021 Cbonds

Issuer: Canacol Energy

Issue description: a seven year deal of $450m

Date: soon

Bookrunners and Lead Managers: Citi and Credit Suisse

Aim: to fund a tender offer for its 7.25% 2025 bond and to refinance its $30m senior secured loan. The early bird deadline is 5pm New York time on November 22 with an opportunity to sell a paper at 106.858. After that, bondholders can sell their notes at 101.585. The final expiry date is December 7.

Issue — Canacol Energy, 7.25% 3may2025, USD