Maurel & Prom gets $350 million senior secured facility, plans paydown

By Marisa Wong

Madison, Wis., Nov. 8 - Maurel & Prom announced a $350 million senior secured line of credit.

The company also said it plans to repay its existing senior secured reserves based facility, of which $130 million has been drawn to date.

Natixis is the lead arranger for the new senior secured facility. The syndication of lenders also includes BNP Paribas, Credit Agricole CIB, Standard Bank, Standard Chartered, Export Development Canada, Rand Merchant Bank and NedBank.

Maurel & Prom is a midsize public oil and gas company based in Paris.

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