Crown Capital increases loan to Triple Five to $20 mln
Canadian specialty finance firm Crown Capital Partners has provided an additional $5 million to Triple Five Intercontinental Group Ltd, a Calgary-based explorer, developer and producer of petroleum and natural gas. The financing adds to a $15 million loan provided last year. Triple Five is currently generating about 5,100 barrels of oil-equivalent production per day from eight Alberta wells, of which about 81 percent is natural gas and 19 percent is natural gas liquids. It will use the deal's proceeds to support growth initiatives. Crown is investing from its $300 million special situations fund, Crown Capital Partner Funding.
15 March 2019•2 mins read
