Warburg Backs Laredo Petroleum

Laredo Petroleum has received up to $300 million in line-of-equity financing from Warburg Pincus. The line-of-equity, which may be increased to $500 million at Warburg’s discretion, will be provided over time to help Laredo pursue the acquisition, exploration and development of oil and gas properties in the Mid-Continent region of the United States.Laredo also has arranged a $300 million revolving credit facility with commercial banks. www.warburgpincus.com