PetroLatina to Borrow up to $100m From BNP

UK-based PetroLatina has secured an up to $100m 4-year revolving credit facility through BNP Paribas, it says. The loan will be used to repay an existing facility with Macquarie and help fund its oil and gas operations in Colombia. PetroLatina has already secured $36m, $29m of which went towards existing facility repayment and Macquarie price hedging contracts. Interest will be paid at Libor plus 4.5%. UK-listed PetroLatina operates in Guatemala and Colombia.