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Petroperú secures US$475 million bridge financing
Peruvian state oil company Petroperú has obtained US$475 million in bridge financing. The deal, reported by Latin Lawyer, gives the troubled refiner short-term liquidity as it works to shore up its finances. Attention is focused on how the loan fits into wider efforts to stabilise the company's debt position.
Why now: Petroperú's financial difficulties and rescue financing are a pressing concern for Peru's economy and markets.
Evidence
- Petroperú secures US$475 million bridge financing · Latin Lawyer
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