Tangle Creek Energy completes C$80 million syndicated bank financing
September 30, 2013
80.00 Million CAD
On September 30, 2013, Tangle Creek Energy Ltd. completed a committed senior secured C$80 million bank financing with a syndicate of lenders led by Alberta Treasury Branches which included National Bank of Canada and Canadian Imperial Bank of Commerce.
Tangle Creek Energy, headquartered in Calgary, focuses on unconventional resource based light oil development.
McCarthy Tétrault LLP represented Tangle Creek Energy Ltd., the borrower, with a team led by Jim Pasieka, and including Ira Cooper and Shauna Crothers.