Mercuria Closes Oversubscribed Secured Revolving Credit Facility of US$ 1,700,000,000 in Financing for its North American Business

- Mercuria's North American operating entities ("Mercuria" or "the Company") are pleased to announce the successful closing of its US$ 1,700,000,000 one-year senior secured borrowing base revolving credit facility (the "Facility"). Mercuria decreased the size of the Facility by US$ 200 million while adding additional banks to the banking group.  The joint and several borrowers are Mercuria Energy America LLC, Minerva Bunkering ( USA ) LLC, and Mercuria Commodities Canada Corporation (the "Borrowers").

Joint-Lead Arrangers for the Facility were Societe Generale, MUFG Bank Ltd, Natixis New York Branch, Cooperatieve Rabobank U.A. New York Branch and ING Capital LLC.  Societe Generale acted as sole coordinator, Facility Agent and Collateral Agent while MUFG Bank Ltd, Natixis New York Branch, Cooperatieve Rabobank U.A. New York Branch and ING Capital LLC acted as Co-Syndication Agents. Credit Agricole Corporate and Investment Bank, Mizuho Bank , Ltd. and Sumitomo Mitsui Banking Corporation are participating as Co-Documentation Agents and a further eleven banks participated at various commitment levels.

The Facility was once again heavily over-subscribed, with Mercuria choosing to scale back lender commitments.  It will be used for financing the Company's working capital needs related to North American inventory and receivables.  Additionally, the Facility has grown its capacity to finance the ongoing transition into green energy with the Company's growing renewable portfolio in North America .

"Mercuria's banking partners have continued to show strong support for our North American facility, despite today's uncertain market conditions.  We were substantially over-committed and increased the size of our bank group, which is a testament to our enduring performance.  We look forward to working with our banking partners over the upcoming year as we continue to grow the North American business," said Guillaume Vermersch , Group Chief Financial Officer of Mercuria.

Cision View original content: https://www.prnewswire.com/news-releases/mercuria-closes-oversubscribed-secured-revolving-credit-facility-of-us-1-700-000-000-in-financing-for-its-north-american-business-301179715.html

SOURCE Mercuria

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Natural gas, NGLs and crude oil sales:

Corporate Presentation

Alvopetro's updated corporate presentation is available on our website at:
http://www.alvopetro.com/corporate-presentation .

Social   Media

Follow Alvopetro on our social media channels at the following links:

Twitter - https://twitter.com/AlvopetroEnergy
Instagram - https://www.instagram.com/alvopetro/
LinkedIn - https://www.linkedin.com/company/alvopetro-energy-ltd
YouTube - https://www.youtube.com/channel/UCgDn_igrQgdlj-maR6fWB0w

Alvopetro Energy Ltd. is deploying a balanced capital allocation model where we seek to reinvest roughly half our cash flows into organic growth opportunities and return the other half to stakeholders. Alvopetro's organic growth strategy is to focus on the best combinations of geologic prospectivity and fiscal regime. Alvopetro is balancing capital investment opportunities in Canada and Brazil where we are building off the strength of our Caburé and Murucututu natural gas fields and the related strategic midstream infrastructure.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

All amounts contained in this new release are in United States dollars, unless otherwise stated and all tabular amounts are in thousands of United States dollars, except as otherwise noted.

Abbreviations:

boepd

=

barrels of oil equivalent ("boe") per day

bopd

=

barrels of oil and/or natural gas liquids (condensate) per day

Mcf

=

thousand cubic feet

Mcfpd

=

thousand cubic feet per day

MMcfpd

=

million cubic feet per day

NGLs

=

natural gas liquids

Q1 2025

=

three months ended March 31, 2025

Q4 2024

=

three months ended December 31, 2024

BOE Disclosure . The term barrels of oil equivalent ("boe") may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet per barrel (6Mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All boe conversions in this news release are derived from converting gas to oil in the ratio mix of six thousand cubic feet of gas to one barrel of oil.

SOURCE Alvopetro Energy Ltd.

Cision View original content: http://www.newswire.ca/en/releases/archive/April2025/03/c2450.html

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