14.01.16. Puma Energy has successfully closed a senior unsecured private placement transaction (EUPP) with Delta Lloyd Asset Management, a European institutional investor, for US$ 100 million. The EUPP has a coupon rate of 5.87 percent with a seven year final maturity.
The proceeds will be used to repay a portion of existing debt and for general corporate purposes. Rabobank acted as sole placement agent on this transaction.
Denis Chazarain, CFO of Puma Energy, commented: “I am pleased Puma Energy has achieved another long term unsecured private placement at an attractive level with a high quality investor. This shows the continued confidence from leading capital markets participants in (our) robust business model and its long-term outlook.”
Global head of corporate finance and treasury Dirk-Jan Vanderbroeck, said the transaction is the second private placement executed by Puma since its inaugural public bond issuance. “It is in line with our strategy to diversify our funding mix by accessing the private placement market,” he said.

14th January 2016