Singapore, 11 June 2025 – Puma Energy announced that it has successfully closed the refinancing of its USD 350 million syndicated revolving credit facilities (the “1-year RCF”), as well as the amendment and extension of its USD 425 million syndicated revolving and term loan facilities (the “3-year Sustainability-Linked Facilities”). These facilities represent USD 775 million of commitments in aggregate.
The new 1-year RCF attracted commitments from a diverse group of lenders, with a broad geographical split (25 per cent Africa, 37 per cent Europe and USA, 25 per cent Asia-Pacific, 13 per cent Middle East).
Puma Energy decided to exercise the first extension option available on its 3-year Sustainability-Linked Facilities dated 30 May 2024, extending more than 90 per cent of commitments under these facilities by 1 year, to June 2028.
Carlos Pons, Chief Financial Officer at Puma Energy, said: “The continuous support from lenders underscores confidence in our consistent performance and stability. With a strengthened financial structure, we remain focused on actively managing our portfolio and investing in key growth areas to ensure we capture future opportunities.”
The 3-year Sustainability-Linked Facilities include i) a USD 150 million revolving credit facility maturing in June 2028 and ii) a USD 275 million term loan, of which USD 240 million maturing in June 2028 and USD 35 million maturing in June 2027. Both facilities have a 1-year extension option remaining. The two sustainability KPIs set in 2024 will continue to be tested annually, reflecting our continuous commitment to improve our safety practices and to reduce greenhouse gas emissions from our operations.
The new 1-year RCF is split into Facility A1 (loans and credit instruments for USD 25 million), Facility A2 (swingline facility for USD 25 million) and Facility A3 (revolver for USD 300 million). Facilities A1, A2 and A3 have a 1-year tenor, with two 1-year extension options. The 1-year RCF refinanced the USD 350 million RCF dated 30 May 2024 and will be used for general corporate and working capital purposes.
ABSA Bank Limited (acting through its Corporate and Investment Banking division), ING Bank N.V., Amsterdam, Lancy/Geneva branch, Natixis, Nedbank Limited, London Branch and SMBC Bank International Plc acted as Mandated Lead Arrangers and Active Bookrunners for the transaction. FirstRand Bank Limited (acting through its Rand Merchant Bank division) (London Branch), Industrial and Commercial Bank of China Limited, London Branch, MUFG Bank, Ltd., Société Générale and Standard Chartered Bank acted as Mandated Lead Arrangers and Passive Bookrunners. MUFG Bank, Ltd. and SMBC Bank International PLC acted as Sustainably Coordinators.
– ENDS –
This announcement contains inside information under Article 17 of Regulation (EU) 596/2014 (16 April 2014).
For press queries, please contact:
For investor queries, please contact:
About Puma Energy
Puma Energy is a leading global downstream energy business, safely providing energy in more than 35 countries, primarily across central America and Sub-Saharan-Africa. Our downstream business segments include fuels, aviation, lubricants, LPG and bitumen. Our purpose is energising communities to help drive growth and prosperity by sustainably serving our customers’ needs in high potential countries around the world.
For further information visit: www.pumaenergy.com
