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>

<< Jul 2017 >>
MTWTFSS
26 27 28 29 30 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
31 1 2 3 4 5 6

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 >

03rd OIL & GAS TANZANIA 2017

After a successful Oil & Gas Exhibition in 2016, Expogroup is all set for the 6th OIL & GAS AFRICA 2017…

read more >

LNGgc London

Attend LNGgc London this year, the flagship event of the international LNGgc series.

read more >

CWC World LNG & Gas Series: Asia Pacific Summit

Now in its ninth year, the most established and highly-regarded LNG Summit in Asia Pacific – CWC’s World LNG & Gas Series: Asia Pacific Summit…

read more >