Banc One Corp. and Wells Fargo & Company HSBC Trade Bank are extending $25.9 million of credit to Magnum Petroleum Inc.'s Hunter Butcher International LLC.

In a news release, the exploration company said the new loan facilities will fund the purchase of U.S. manufactured equipment for export to Protexa Construcciones of Monterey, Mexico.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.