Scotiabank Trinidad and Tobago Ltd and The Bank of Nova Scotia have entered into a US$50 million financing agreement with energy companies Touchstone Exploration (Trinidad) Ltd and Primera Oil and Gas Ltd to build on drilling programmes in 2015.
Up to US$15 million has been structured as a revolving term/borrowing base facility.
Scotiabank was the sole lead arranger and lender while The Bank of Nova Scotia, was the administrative and collateral agent.