Canacol Energy (TSE:CNE) has released an update.
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Canacol Energy Ltd. has secured a US $75 million senior secured term loan from Macquarie Group, with an initial draw of US $50 million and an additional US $25 million available under certain conditions. The loan, bearing an interest rate of SOFR + 8.0% and maturing in September 2026, is secured by the company’s material assets. Proceeds are intended for general corporate purposes, alongside the issuance of share purchase warrants to Macquarie.
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