Pacific Rubiales Energy suspends dividend

Wed Mar 18, 2015 6:14am EDT
 
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March 18 (Reuters) - Canada's Pacific Rubiales Energy Corp said it has suspended its quarterly dividend, hurt by a slump in oil prices.

The company, which is the largest private oil producer in Colombia, also said it has been able to relax debt covenants on its revolving credit facility and bank debt. (Reporting By Shubhankar Chakravorty in Bengaluru; Editing by Savio D'Souza)