BPZ Resources Secures $75 Million Financing with Credit Suisse

BPZ Resources Inc. (BPZ), a U.S. crude oil producer with operations in Peru, said it secured a $75 million loan from Credit Suisse Group AG. (CSGN)

The loan, which is backed by assets in the company’s offshore Block Z-1, will help finance a new platform in the Corvina field, Houston-based BPZ said today in an e-mailed statement. The loan matures in July 2014.

To contact the reporter on this story: Alexander Emery in Lima at aemery1@bloomberg.net

To contact the editor responsible for this story: Alexander Emery at aemery1@bloomberg.net

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