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Financings

Frontera Energy enters $120-million deal with Chevron

By The Northwire Desk — AI Analysis Dec 29, 2025 · 12:09 FEC · 6.05 Frontera Energy Corp
FEC · Price

Executive Summary

  • Frontera Energy Corp.'s Colombian subsidiary has entered into a $120 million prepayment and commercial agreement with Chevron Products Company.
  • The agreement provides an initial advance of $80 million, with an option to request an additional $40 million advance for up to six months.
  • Proceeds will be used to manage working capital and enhance liquidity, replacing an existing agreement expiring in January 2026.

Key Details

  • Total Agreement Value: $120 million.
  • Initial Advance: $80 million received immediately.
  • Optional Advance: Up to $40 million available for a period of up to six months on a fully committed basis.
  • Repayment Terms:
    • Subject to a financial discount calculated at the Secured Overnight Financing Rate (SOFR) plus 4.25% per annum.
    • Repayment commences following a six-month grace period.
  • Use of Proceeds: To manage working capital flows and enhance the company's liquidity position.
  • Duration/Replacement: The agreement replaces an existing prepayment agreement that expires at the end of January 2026.
  • Counterparty: Chevron Products Company.

Notable Quotes

  • None provided in the text.
Read the original news release →

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