Crown Capital Partners lends $15 mln to Touchstone Exploration

Canadian specialty finance firm Crown Capital Partners has signed a $15 million term loan agreement with Touchstone Exploration Inc, a Calgary upstream oil and gas company with a primary focus on the Republic of Trinidad and Tobago. Touchstone, which has previously been backed by Crown Capital, said the latest financing will help it develop onshore Trinidad assets and pursue acquisition opportunities. Crown Capital, a provider of debt and quasi-equity to mid-market companies, earlier this year increased the size of its fourth special situations debt fund to $125 million.

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