HOUSTON, September 22, 2022 /PRNewswire/ — CITGO Holding, Inc., a Delaware company (the “Company“), announced today that the Company has fully reimbursed the few $267 million total principal amount of debt remaining outstanding under the Company’s Senior Secured Term Loan B due 2023. Today’s repayment follows the $216 million refund made on August 24, 2022 as part of the term loan excess cash flow provisions and was funded by dividends received from CITGO Petroleum Corporation.
About CITGO Holding, Inc.
CITGO Holding, Inc. (“CITGO Holding“or the”Company“) is the direct parent company of CITGO Petroleum Corporation (“CITGO“). CITGO Holding is a wholly owned subsidiary of PDV Holding, Inc. (“POS Holding“), a Delaware company and an indirect wholly-owned subsidiary of Petróleos de VenezuelaHER (“PDVSA” Where “ultimate parent“), which is a Venezuelan company wholly owned and controlled by the Government of Venezuela.
CITGO Petroleum Corporation is a recognized leader in the refining industry and operates under the well-known CITGO brand. CITGO owns and operates three refineries located in Lake Charles, The.; Lemont, Ill.; and Corpus Christi, Texas, and wholly and/or jointly owns 43 active terminals (including five CITGO Holding terminals), six pipelines and three lubricant blending and packaging plants. With approximately 3,300 employees and a combined crude capacity of approximately 769,000 barrels per day (bpd), CITGO ranks fifth and is one of the world’s most complex independent refiners. United States. CITGO transports and markets transportation fuels, lubricants, petrochemicals and other industrial products, and supplies a network of approximately 4,300 locally owned and independently operated branded retail outlets, all located in east of the Rocky Mountains. CITGO Petroleum Corporation is owned by CITGO Holding, Inc.