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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
ABN AMRO Lead Arranger on Eureka Hunter Facility Expansion
Monday, November 24, 2014
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Lenders/Participants
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ABN AMRO Capital USA LLC [Sole Lead Arranger]
Amegy Bank National Association [Participant]
BNP Paribas [Participant]
BB&T [Participant]
CIT Bank [Participant]
Citibank [Participant]
Credit Suisse Bank [Participant]
Deutsche Bank [Participant]
Huntington Bank [Participant]
OneWest Bank [Participant]
Royal Bank of Canada [Participant]
Santander Bank [Participant]
U.S. Bank [Participant]
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Structure
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Revolver Expansion
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Amount
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$225.000
Million
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Borrower(s)
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Eureka Hunter Pipeline, a subsidiary of Magnum Hunter Resources
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Description
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Expansion of its senior secured revolving credit facility. Pursuant to this expansion, the aggregate loan commitment amount under the revolver increased by $108 million from $117 million to $225 million. In addition to the increase in commitments, the applicable interest rate margin was reduced across the pricing grid, with the interest rate on LIBOR based loans now at LIBOR plus a margin ranging from 1.75% to 3.00%. The maturity date of the revolving credit facility remains at four years from the date of the initial closing of the facility, which occurred in March 2014. The revolving credit facility contains other terms and conditions customary for financings of this type.
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Industry
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Energy
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Location
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TX
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| Related Tags |
ABN Amro, Amegy Bank National Association, BB&T, BNP Paribas, CIT Bank, Credit Suisse, Deutsche Bank, Huntington Bank, OneWest Bank, Royal Bank of Canada, Santander Bank, U.S. Bank
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ABL Advisor
Deal Tables
2024
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