Canada: Gaz Metro Enters into New Credit Agreement

Gaz Metro Enters into New Credit Agreement

Gaz Métro inc. (GMi ) of Canada said that it has entered into a new credit agreement with its bank syndicate providing for a $600 million secured revolving credit facility.

The new credit facility, which replaces the $400 million credit facility originally put in place on December 21, 2004, is guaranteed by Gaz Métro Limited Partnership and is comprised of a revolving loan available to GMi and a swingline loan available to GMi and Gaz Métro, the company said in a statement.

Besides the $200 million increase in the size of the facility and the extended maturity, the terms of the new credit agreement are substantially similar to the agreement previously in place.

The new credit facility is also secured by collateral security backed by the assets of GMi and Gaz Métro.

LNG World News Staff, March 4, 2012; Image: Gaz Métro

Share this article

Follow LNG World News

Events>

<< Sep 2017 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

LNG BUNKERING MED

The only 3 day course offering theoretical and practical training on LNG bunkering for the Mediterranean market, the syllabus is accredited…

read more >

International Gas Cooperation Summit (IGCS)

The International Gas Cooperation Summit (IGCS) is a platform for South Africa’s aspirations to build an energy hub for gas cooperation…

read more >

Budapest LNG Summit

Budapest LNG Summit is a niche event focused on the up and coming LNG  region of Central & Eastern Europe (CEE).

read more >

Mozambique Gas Summit & Exhibition

Now in its fourth edition, the Mozambique Gas Summit & Exhibition is recognized as the leading strategic meeting for Mozambique’s gas industry…

read more >