![](https://energy-analytics-institute.org/wp-content/uploads/2020/06/citgo-hg-source-citgo-scaled.jpg)
(Citgo, 18.Dec.2020) — Citgo Petroleum Corporation announced that it has entered into an agreement with Barclays as Program Administrator for a two-year $250mn accounts receivable securitization facility.
The facility will enable Citgo to raise incremental, low-cost funding and enhance its financial flexibility. Proceeds made available to Citgo from the facility are expected to be used for general corporate purposes.
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