CIOC secures additional $150 mln in equity from Riverstone
Calgary oil and gas company Canadian International Oil Corp (CIOC) has secured an equity commitment of $150 million from U.S. energy private equity firm Riverstone Holdings, CIOC's largest investor. The deal, which adds to the $200 million invested by Riverstone in 2014, will support development of the company's Montney resource base in Alberta. CIOC also announced the issue of $208 million in unsecured senior notes to affiliates of GSO Capital Partners, FS Investments, BlackRock Advisors and Kayne Anderson Capital. The proceeds will be used in part to redeem a secured second-lien term loan and repay borrowings under the company's credit facility.
26 July 2017•5 mins read
