"The culmination of this process was possible through a very large team effort and the results speak for themselves," Martinez said. "CITGO is now in a much stronger position to continue to move forward for the benefit of our customers and business partners, our employees and our shareholder," he added.
The refinancing involved a
Under the newly negotiated terms, CITGO will be able to reduce its interest expense by roughly
As a result of CITGO's strong performance and financial strength, the company's debt offerings were very well received by the market with strong participation by a large number of institutions, resulting in a significant oversubscription.
CITGO, based in
Keywords for this news article include: Citgo, Energy Companies.
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