Crown Capital puts $25 mln loan to work in Persta Resources
Canadian specialty finance firm Crown Capital Partners has provided a $25 million term loan to Persta Resources Inc, a Calgary-based oil and gas company. Established in 2005, Persta explores, develops, produces and acquires liquid-rich gas and light crude oil assets in the Western Canadian Sedimentary Basin. It holds about 120,000 net acres of land and currently produces about 3,100 barrels of oil equivalent production per day, the bulk of which is natural gas. The company, led by President and CEO Le Bo, will use the loan's proceeds for capital expenditures and to reduce its senior debt facility.
17 May 2018•3 mins read
