Promigas, Surtigas secure loan approvals
The board of Colombia's Promigas has approved the signing of loan agreements totaling 2tn pesos (US$417mn), the company said in a regulatory filing.
The funds, which are denominated in both Colombian pesos and U.S. dollars, will be used to help the Barranquilla-based firm and its subsidiaries to meet existing debt commitments, the filing said.
No details were given about the names of the lenders or the repayment terms.
In a separate statement, Promigas subsidiary Surtigas said its board approved a 20bn-peso bank loan for working capital.
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News in: Oil & Gas (Colombia)
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