Caza Oil & Gas secures financing facility with Apollo Investment Management

AIM-listed Caza Oil & Gas has entered into a note purchase agreement with Apollo Investment Corporation, an investment fund managed by Apollo Investment Management, through which Apollo Investment Management has agreed to purchase up to 50m dollars of senior secured notes of Caza Oil & Gas.

AIM-listed Caza Oil & Gas has entered into a note purchase agreement with Apollo Investment Corporation, an investment fund managed by Apollo Investment Management, through which Apollo Investment Management has agreed to purchase up to 50m dollars of senior secured notes of Caza Oil & Gas.

The company reported that it received $20m at the closing of the agreement and could draw additional advances of up to $30m in aggregate at its discretion during the following 15 months, subject to conditions.

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