KrisEnergy, a Singapore-based oil and gas explorer, raised US$115 million ($139 million) in bonds and loans, according to an e-mailed media release.
The company sold US$85 million of five-year notes and signed a three-year US$30 million revolving credit facility, according to the statement.
The company sold US$85 million of five-year notes and signed a three-year US$30 million revolving credit facility, according to the statement.
Pareto Securities ASA helped to arrange the bond with Standard Bank Plc while Standard Bank and Sumitomo Mitsui Banking Corp. arranged the loan. Proceeds will be used to repay an acquisition facility of US$58.5 million and to fund the development of oil projects in Cambodia and Thailand.
KrisEnergy is a portfolio company of energy investor, First Reserve Corp., which committed up to US$500 million in equity in 2009 to build the business. Of that, US$300 million had been invested as at the end of June, according to the release.
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