Frontera Energy Corporation has signed a $120 million prepayment and commercial agreement with Chevron Products Company in Colombia, replacing an existing deal set to expire in early 2026. The agreement includes an $80 million advance, with the option for an additional $40 million, linked to the Secured Overnight Financing Rate plus 4.25% per year. This financing will help manage working capital flows and boost liquidity for Frontera. Chevron benefits from a stable crude supply from a diverse Latin American producer. This deal showcases confidence in Frontera’s production and operational stability in Colombia.

Read more at Yahoo Finance: Frontera Secures $120 Million Chevron Prepayment to Bolster Liquidity