Citgo plans to repay $614 million term loan B with note proceeds

By Rebecca Melvin

New York, June 2 – Citgo Holding, Inc. plans to repay all $614 million of the company’s term loan B due 2021 plus interest with proceeds of a new $750 million note due 2025, according to a company release.

The proceeds of the new note are also earmarked to pay all fees and expenses in connection with the offering and for working capital and general corporate purposes.

The refiner is based in Houston.

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