Lucero Energy closes $180 million senior secured credit facility

By Marisa Wong

Los Angeles, June 28 – Lucero Energy Corp. confirmed that its senior secured credit facility has been set at $180 million, according to a press release.

The maturity date of the credit facility is May 2024, subject to semiannual reviews by the lenders to confirm the credit capacity, which will occur no later than May 31 and Nov. 30 annually.

The credit facility syndicate will include CIBC as bookrunner and lead arranger, Bank of Montreal, Royal Bank of Canada, National Bank of Canada and ATB Financial.

The oil company is based in Calgary, Alta.

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