Anvil Channel Energy Solutions announces the closing of a $65 million loan to Certus Oil & Gas.
The loan will support the acquisition of producing oil and gas assets in central Alberta, Canada.
Anvil Channel Energy Solutions closes Certus & Oil loan
Anvil Channel Energy Solutions closes $65 million senior secured loan.
The loan is for Certus Oil & Gas, a private company operating in central Alberta.
It will enable the company to support the acquisition of productive assets.
“We are delighted to have been able to execute this transformative transaction with the support of the Anvil team,” says Rob Brady, CEO of Certus Oil & Gas.
The loan was used to finance the acquisition of Sitka Exploration Ltd.
It will provide geographically and technically complementary assets to the Certus platform.
Bridging the gap between bank lenders
The company aims to fill the gap created by bank lenders.
Bank lenders have withdrawn from the micro and mid-cap market in the USA and Canada.
The company wishes to continue to seek partners with in-depth knowledge of the upstream E&P space.
The company aims to fill their need for acquisition or refinancing capital.
In this way, it provides acquisition capacity to producers in a tight liquidity market.
