CPPIB's Tiene Energy Obtains $300M Senior Second Lien Loan
Teine Energy Ltd., a Calgary-based oil and gas company focused on finding and developing high net-back, large hydrocarbon in place properties in Western Canada, has obtained a US$300 million senior secured second lien loan. Proceeds will be used to refinance the company's revolving credit line, fund a drilling program and for general corporate purposes. Tiene Energy is majority owned by Canada Pension Plan Investment Board, an investor in the company since 2010.
24 May 2013•2 mins read
