Citgo raises $1.2 billion loan to run operations, refinance debt

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Citgo raises $1.2 billion loan to run operations, refinance debt
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Citgo Petroleum, the U.S.-based unit of Venezuelan state-run oil firm PDVSA, sai...

FILE PHOTO: The Citgo Petroleum Corporation headquarters are pictured in Houston, Texas, U.S., February 19, 2019. REUTERS/Loren Elliott

Citgo said it settled a $320 million accounts receivable securitization facility and a $900 million revolving credit line. Last week, Reuters reported that Citgo was looking to raise $1.8 billion through a three-year term loan.

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