Puma Energy has received a US$300mn, seven-year financing for its Central America operations.

Signed with a syndicate led by Citi and including several Central American banks, the committed facility is the first one signed by Puma Energy. The firm adds that it was “fully subscribed”.

The loan will be used to refinance part of the acquisition price of Puma Energy’s furl marketing and supply businesses in Belize, El Salvador, Guatemala, Honduras, Nicaragua and Panama, which the firm bought from ExxonMobil in March 2012.

Puma Energy’s chief financial officer, Denis Chazarain, says: “The support received from the banking community for this facility demonstrates confidence that Puma Energy is one of the leading fuel supply companies in the Central American region with a proven ability and track record, in particular control over cashflows.”

Puma Energy is an emerging market-focused oil company acquired by Trafigura in 2000. It currently operated in over 30 countries, and bought businesses in Southern Africa from BP in later 2010.