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Article: CITGO Retires $200-Million Term Loan Before Maturity.
- Article from:
- PR Newswire
- Article date:
- June 25, 2004
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Copyright informationCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TULSA, Okla., June 25 /PRNewswire/ -- CITGO Petroleum Corporation retired its $200-million senior secured term loan on Friday, June 25, 2004, approximately 20 months before the loan was to mature in 2006. The loan was secured by the company's equity interest in both the Colonial and Explorer pipelines.
"Our operations have generated a strong cash flow over the last few quarters," stated CEO and President Luis Marin, "allowing us to repay the debt with cash and to repay it prior to its maturity. Additionally, this eliminates our only secured facility, which will create more flexibility and options for CITGO in ...
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Article: Citgo inks software deal with Aspen. (Industry News: Technology Update).(Citgo Petroleum Corporation)(Aspen Technology Inc.)(Brief Article)
National Petroleum News;
November 1, 2002 ;
179 words
...In August, Aspen Technology, Inc., Cambridge, Mass., announced that Citgo Petroleum Corporation, Tulsa, Okla., had signed a multiyear, corporate-wide license for Aspen PetroVantage collaborative trading and logistics software...
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