News
29 March 2019

Citgo turns to non-banks for term loan

In:
Oil & gas
Region:
Americas

PDVSA-owned oil refiner and distributor Citgo, which is based in Houston, has mandated Jefferies and Houlihan Lokey to arrange a $1.2 billion term loan after its traditional bank lenders declined to participate due to US sanctions on its parent.A presidential order in November 2018 banned US firms,...

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