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News Stories (73 Results) - Energy Services

Amerisource Business Capital announced the closing and funding of a $3 million credit facility for a transportation company based in Colorado. Proceeds of the facility are being used to support its rapid growth. Nic Wagner, Regional Market Manager... Read Story

July 11, 2019, 08:50 AM

Encina Business Credit, LLC (EBC) announced that it has provided a $24 million senior secured credit facility to an oilfield services company.The facility consists of a revolving line of credit and a term loan.  Loan proceeds were used to refinance a... Read Story

May 20, 2019, 08:40 AM

Global power and utilities transactions attained an all-time high in 2018, increasing 28% in overall deal value to $256.3 billion with a record volume of 546 deals, according to the EY report Power transactions and trends Q42018. Europe contributed... Read Story

February 25, 2019, 08:05 AM

Carl Marks Securities LLC, a mid-market investment bank focused on family and entrepreneurial businesses, announced that it served as the financial advisor to PowerTown Line Construction, LLC. in its sale to Entregado Group Inc., a portfolio company... Read Story

February 05, 2019, 07:06 AM

Great American Capital Partners, LLC (GACP), a B. Riley Financial company, announced it has acted as administrative agent for a $200 million senior secured term loan to BJ Services, LLC. The transaction will provide additional financial flexibility... Read Story

February 04, 2019, 07:22 AM

BB&T  has named banking veteran and executive vice president Mark Grover to lead its Corporate Banking Energy team following the retirement of Jeff Forbis, who started and led the group for more than seven years. In an expanded role, Grover will... Read Story

December 18, 2018, 09:06 AM

U.S. Well Services, Inc. announced an expansion of its borrowing capacity with the addition of a $75 million second lien delayed draw credit facility provided by Piper Jaffray Finance, LLC and an amendment to its existing first lien credit facility. ... Read Story

December 17, 2018, 07:08 AM

GridLiance High Plains, an independent transmission company and subsidiary of GridLiance Holdco, LP (GridLiance), recently closed on a $65 million revolving credit facility with KeyBank, N.A. The revolver will be used to finance the company’s growth... Read Story

October 12, 2018, 07:14 AM

Exterran Corporation announced that the Company closed on its $700 million, five-year revolving credit facility extension. According to an SEC filing, Wells Fargo Bank served as administrative agent to the financing.  David Barta, Exterran's Chief... Read Story

October 11, 2018, 07:29 AM

V3 Commodities Group Holdings, LLC announced that it has closed a $25,000,000 wholesale supply and credit facility with nTherm, LLC, a retail energy provider serving natural gas and electricity markets throughout North America.  Under the arrangement... Read Story

October 09, 2018, 07:04 AM

Star Group, L.P., a home energy distributor and services provider, announced that it has entered into a fourth amended and restated asset-based revolving credit facility, which expires in July 2023 and provides the ability to borrow up to $300... Read Story

July 03, 2018, 07:00 AM

Northland Power Inc. announced it has entered into a $1.25 billion corporate credit facility with a syndicate of 12 financial institutions led by Canadian Imperial Bank of Commerce, Bank of Montreal and National Bank Financial. The new credit... Read Story

June 26, 2018, 07:00 AM

CMS Energy and its primary subsidiary, Consumers Energy, announced they have entered the first syndicated sustainability-linked revolving credit facilities for a U.S. borrower.The aggregate $1.4 billion of new credit facilities allow CMS to reduce... Read Story

June 08, 2018, 07:05 AM

Apergy entered into a new credit agreement consisting of a seven-year senior secured term loan B facility and an undrawn five-year senior secured revolving credit facility with JPMorgan Chase Bank, N.A. as administrative agent.The proceeds of the... Read Story

May 11, 2018, 07:10 AM

Ferrellgas, L.P., the operating partnership of Ferrellgas Partners, L.P. announced an agreement with a lending group led by TPG Specialty Lending, Inc., the middle-market lending business of TPG Sixth Street Partners (TSSP), to provide Ferrellgas... Read Story

May 08, 2018, 07:11 AM

Patterson-UTI, Inc. announced that the company has entered into a $600 million, five-year credit agreement with a group of financial institutions led by Wells Fargo Bank, National Association.  The credit agreement amends and restates the company's... Read Story

April 03, 2018, 07:50 AM

Sallyport Commercial Finance provided a $4,000,000 working capital facility, including a $720,000 Term Loan as part of an Acquisition finance package to support the purchase of a Gas, Diesel and Propane distribution business out of bankruptcy in... Read Story

April 02, 2018, 07:06 AM

MidCap Business Credit completed a $7 million revolving credit facility for Unipower, LLC.   The facility was used to refinance the company’s existing senior debt and to support the company’s growth plans and working capital needs. Headquartered in... Read Story

March 28, 2018, 07:00 AM

Emerge Energy Services LP announced that it has entered into a $75 million Second Amended and Restated Revolving Credit and Security Agreement among the Partnership, the subsidiary borrowers, and PNC Bank, National Association, as administrative... Read Story

January 08, 2018, 07:27 AM

New Jersey Resources Corporation (NJR), a regfional provider of retail and wholesale energy services, has entered into a 4-Month $75 million Revolving Line of Credit Facility with PNC Bank. The Revolver is scheduled to terminate on April 14, 2018.... Read Story

December 20, 2017, 07:20 AM

Vivint Solar, Inc., a full-service residential solar provider, announced today it has closed a fixed-rate, 18-year term debt facility with four institutional investors, totaling $203 million. The new debt facility is a fully amortizing loan that... Read Story

January 12, 2017, 07:00 AM

Goodnight Midstream, LLC, the professional fluids management company, announced the closing of a $105 million syndicated revolving loan.  The Company also announces the grand opening of two new saltwater disposal (SWD) facilities in the Bakken of... Read Story

December 02, 2016, 07:17 AM

PNC Bank Canada Branch, the Canadian branch of PNC Bank, N.A., completed a C$38.0 million financing package for DCM Group, a leading provider of construction, maintenance, fabrication and shutdown services for industrial projects throughout Canada.... Read Story

November 03, 2016, 07:42 AM

Talen Energy Supply, an indirect wholly owned subsidiary of Talen Energy Corporation, has successfully priced a $600 million term loan B facility. The net proceeds of the facility are expected to be used in connection with the consummation of the... Read Story

October 20, 2016, 07:09 AM

Basic Energy Services, Inc. announced that the company has successfully obtained an extension of its temporary waiver from Basic's secured asset-based revolver (the "ABL Facility") lenders.  As previously announced on October 17, 2016, the Company... Read Story

October 18, 2016, 07:29 AM

In a joint statement, Western Refining, Inc. and Western Refining Logistics, LP announced that WNRL has entered into an agreement with WNR and St. Paul Park Refining Co. LLC (“SPPR”), a wholly-owned subsidiary of Northern Tier Energy LLC and indirect... Read Story

September 09, 2016, 07:38 AM

Siena Lending Group LLC announced the completion of a $15 million credit facility for Ranger Subsea Nig Ltd. to fund expanding operations off the coast of Lagos, Nigeria.  Headquartered in Houston, TX, Ranger Offshore, the parent and its subsidiaries... Read Story

September 06, 2016, 08:02 AM

MidCap Business Credit announced it has completed a $5 million asset-based line of credit to RAE Energy, Inc., headquartered in Houston, TX. RAE Energy is an oilfield service provider that offers pipe welding, automatic ultrasound testing, and... Read Story

August 18, 2016, 07:33 AM

On July 19, 2016, Weatherford International plc and certain subsidiaries of the company entered into Amendment No. 1 to Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders and parties... Read Story

July 25, 2016, 07:39 AM

According to an 8-K SEC filing, Baker Hughes entered into a new credit agreement among the company, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, Citibank, N.A., as syndication agent, and other agents and lenders. Other agents and... Read Story

July 15, 2016, 07:11 AM

Essential Energy Services Ltd. has entered into a renewed credit facility agreement with a syndicate of lenders, including National Bank of Canada, The Toronto-Dominion Bank, HSBC Bank Canada and Canadian Western Bank (the "Lenders"). The credit... Read Story

June 17, 2016, 07:40 AM

Newpark Resources, Inc. has entered into a new credit agreement, which provides for a $90 million asset-based revolving credit facility ("ABL Facility").  The ABL Facility replaces the existing $150 million credit facility, which has been... Read Story

May 13, 2016, 07:56 AM

Tidewater Inc. announced that it has borrowed $600 million under its revolving credit facility, the maximum amount available under the facility.  The funds are intended to be used for general corporate purposes and to enhance the company's liquidity... Read Story

March 16, 2016, 07:35 AM

Superior Energy Services, Inc. (the “Company”) entered into a Fourth Amended and Restated Credit Agreement dated as of February 22, 2016 (the “ Credit Agreement”) among the Company, as a guarantor, SESI, L.L.C., as the borrower, JPMorgan Chase Bank... Read Story

February 23, 2016, 07:17 AM

Caza Oil & Gas, Inc. announced its wholly owned subsidiary, Caza Petroleum, Inc. ("Caza Petroleum"), has entered into a credit agreement for a five-year, senior secured, reserve-based, revolving credit facility with JPMorgan Chase Bank, N.A., as... Read Story

January 25, 2016, 07:52 AM

SSG Capital Advisors, LLC acted as the investment banker to the One Source companies (collectively with its affiliates and subsidiaries, "One Source" or the "Company") on refinancing its working capital facility with Briar Capital L.P. ("Briar") and... Read Story

January 07, 2016, 07:15 AM

Blue Dolphin Energy Company, an independent refiner and marketer of refined petroleum products in the Eagle Ford Shale, announced the closing of an additional $10.0 million loan facility. On December 4, 2015, Lazarus Refining & Marketing, LLC, a... Read Story

December 30, 2015, 07:35 AM

Enphase Energy, Inc., a global energy technology company, announced it has signed an extended asset-based credit facility with Wells Fargo Capital Finance. This new credit facility replaces a $50 million facility with Wells Fargo Capital Finance... Read Story

December 23, 2015, 08:09 AM

Quanta Services, Inc. has entered into an amended and restated credit agreement with a syndicate of lenders led by Bank of America, N.A. and JPMorgan Chase Bank, N.A., which increased the capacity under its senior secured revolving credit facility... Read Story

December 21, 2015, 07:15 AM

Marquette Business Credit announced it recently funded a $16 milion credit facility to Oilfield Steel Supply, LLC (“OSS”).  Based out of Magnolia, Texas, OSS delivers high quality raw materials to the Oilfield Equipment Manufacturing industry. This... Read Story

September 16, 2015, 07:51 AM

GE Capital, Corporate Finance announced it has provided a $17 million credit facility to ROC Services Company, an oil and gas well-site services supplier. The funds will be used to refinance existing equipment and to support the acquisition of the... Read Story

June 11, 2015, 08:02 AM

Key Energy Services, Inc.  has closed a $100 million asset-based revolving credit facility ("ABL") due February 2020 and closed and funded a $315 million term loan facility due June 2020. The facilities replace Key's existing $400 million senior... Read Story

June 02, 2015, 08:09 AM

sPower, a prominent renewable energy provider, and CohnReznick Capital Markets Securities (CRCMS), a leading boutique investment banking services firm, announced today the placement of $168.5 million in back leverage to sPower provided by KeyBank... Read Story

April 23, 2015, 07:28 AM

MidCap Business Credit announced that it has completed a $7 million asset-based line of credit to Vertex Energy, Inc., headquartered in Houston, Texas. Vertex Energy, Inc. recycles industrial waste streams and off-specification commercial chemical... Read Story

April 02, 2015, 07:22 AM

GE Antares, a unit of GE Capital, is serving as administrative agent on a $66 million senior secured credit facility to support the acquisition of Cascade Drilling Environmental Services, LLC by Snow Phipps Group, LLC. GE Capital Markets served as... Read Story

February 27, 2015, 07:42 AM

Global Geophysical Services, Inc. announced it has successfully completed its balance sheet restructuring and emerged from bankruptcy, following confirmation of Global's Second Amended Joint Chapter 11 Plan of Reorganization by the U.S. Bankruptcy... Read Story

February 11, 2015, 07:23 AM

Parker Drilling Company announced the closing of a senior secured $200 million revolving credit facility, maturing in 2020.  The facility was arranged by Merrill Lynch, Pierce, Fenner & Smith Incorporated and Wells Fargo Securities, LLC, who acted as... Read Story

January 29, 2015, 07:48 AM

Oilfield Water Logistics (OWL), a Natural Gas Partners (NGP) portfolio company providing water infrastructure and services to the energy industry, has secured a $250 million untapped credit facility with Texas Capital Bank.OWL is committed to... Read Story

January 28, 2015, 07:46 AM

GE Antares announced it is serving as administrative agent on a credit facility to support the acquisition of Gulfstream Services, Inc. by The Jordan Company, L.P., in partnership with the existing management team. GE Capital Markets served as joint... Read Story

October 28, 2014, 07:34 AM

Oceaneering International, Inc. entered into a new credit agreement providing for a $300 million three-year delayed-draw term loan and a $500 million five-year revolving credit facility. The new credit agreement replaces a prior agreement that was... Read Story

October 28, 2014, 07:13 AM

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a $6 million senior revolving credit facility for Houston, Texas based Avantech Testing Services, LLC. The company is a full provider of non-destructive... Read Story

October 27, 2014, 08:03 AM

GE Capital is providing a $50 million credit facility to Bird Electric Enterprises, LLC (Bird Electric), a leading electrical services provider. The facility will be used for general working capital and to support a majority investment by 3.5.7.11, a... Read Story

October 21, 2014, 07:49 AM

Monroe Credit Advisors announced that it has placed $65 million of senior and junior secured credit facilities for its client, Bird Electric Enterprises, LLC. Proceeds of the loan were used to consolidate and refinance existing debt as well as... Read Story

October 16, 2014, 07:43 AM

Pioneer Energy Services has amended its existing revolving credit facility.  The new agreement provides Pioneer with a $350 million, five-year, senior secured revolving credit facility, which represents an increase of $100 million in total potential... Read Story

September 23, 2014, 07:26 AM

ENGlobal, a leading provider of engineering and automation services, announced that it has closed on a new three-year secured revolving credit facility with Regions Bank. The Regions facility allows the company to borrow up to $10 million pursuant to... Read Story

September 17, 2014, 07:12 AM

GE Antares, a unit of GE Capital, is serving as administrative agent on a senior secured credit facility to support the acquisition of Uintah Engineering & Land Surveying by Norwest Equity Partners. GE Capital Markets served as joint lead arranger... Read Story

September 12, 2014, 07:46 AM

CIT Group announced that it served as Joint Lead Arranger in a $65 million senior secured credit facility to support Maxim Partners’ and Falcon Investment Advisors’ acquisition of Laney Directional Drilling, Co., the largest independent Horizontal... Read Story

September 04, 2014, 07:19 AM

HII Technologies, Inc., an oilfield services company headquartered in Houston, Texas, today announced that it has secured $18 million of senior secured debt funding from a group of lenders, led by Heartland Bank and Arkansas State Bank based in... Read Story

August 13, 2014, 06:52 AM

ENSERVCO Corporation, a provider of well-site services to the domestic onshore conventional and unconventional oil and gas industries, announced it has received approval from PNC Business Credit for a five-year, $40 million revolving credit facility... Read Story

August 05, 2014, 07:47 AM

The PrivateBank announced it has extended $8.0 million in credit facilities to Energes Services, LLC. Energes Services, LLC provides a variety of oilfield construction and maintenance services to exploration and production firms. Energes Services... Read Story

April 23, 2014, 07:43 AM

Layne Christensen Company has signed a new five-year $135 million senior secured asset-backed revolving credit facility (the "ABL Facility") with PNC Bank National Association as Administrative Agent, Co-collateral Agent and Lender; Wells Fargo Bank... Read Story

April 16, 2014, 07:51 AM

Prospect Capital Corporation announced today that Prospect has funded a $54 million senior credit facility to support the recapitalization of Ark-La-Tex Wireline Services, LLC and affiliates ("AWS") by Harren Equity Partners ("Harren") in concert... Read Story

April 09, 2014, 07:14 AM

Cole Taylor Business Capital, a division of Cole Taylor Bank, is pleased to announce it recently provided an $8 million senior revolving credit facility to Fairview, Oklahoma based Cimarron Acid & Frac LLC (CAF). CAF is a leading provider of pressure... Read Story

March 21, 2014, 07:38 AM

CIT Group Inc. announced that it arranged a $43 million senior secured credit facility for Laney Directional Drilling, Co., a portfolio company of Chart Capital Partners. The financing will be used to refinance an existing facility and provide... Read Story

March 06, 2014, 07:32 AM

Nuverra Environmental Solutions announced that it has converted its existing Bank Credit Facility (the "Facility") into a $200 million revolving credit facility (the "Revised Facility") that is designed to enhance liquidity and financial flexibility... Read Story

February 04, 2014, 08:06 AM

White Oak Global Advisors, LLC, a leading provider of private debt financing to middle-market companies, announced the funding of a $34.0 million senior secured term loan to an energy services company.  The financing was used to support the company’s... Read Story

January 21, 2014, 07:23 AM

Star Gas Partners, a home energy distributor and services provider specializing in heating oil,has entered into a second amended and restated $450 million credit facility. The amended and restated credit agreement extends the term of the agreement... Read Story

January 15, 2014, 07:37 AM

Monroe Capital LLC announced the funding of a $17 million senior secured credit facility to support the merger of Landpoint, LLC, West Company of Midland LLC, and King Surveyors, LLC. Based in Bossier City, Louisiana, Landpoint, LLC is one of the... Read Story

December 23, 2013, 07:01 AM

USA Compression Partners announced the closing of the Fifth Amended and Restated Credit Agreement. The amendment provides for an increase in the facility capacity from $600 million to $850 million and an extension of the maturity to 2018. In addition... Read Story

December 16, 2013, 07:28 AM

First Capital provided a $6.8 millioncredit facility to Advanced Pipeline Services, LLC, a provider of construction, installation, and maintenance services for oil and gas pipeline and field processing infrastructure. The senior credit facility... Read Story

December 11, 2013, 07:00 AM

Bri-Chem Corp., a leading North American wholesale distributor and manufacturer of oil and gas drilling fluids and steel pipe,has increased and extended its Asset Based Lending Facility ("ABL Facility") by $10 million from $80 million to $90 million... Read Story

November 21, 2013, 07:53 AM

Leonard D. Jaroszuk, president and CEO of Enterprise Group, Inc. announced that the corporation has accepted a term sheet presented by PNC Bank Canada Branch (PNC) to increase its current senior secured finance facility from $20.0 million to $35... Read Story

November 21, 2013, 07:27 AM

PNC Bank, N.A., announced the closing of a $18 million asset based revolver for Horizon Mud Company. Based in Midland, Texas, the company is using the funds to refinance existing debt and provide ongoing working capital. Horizon Mud Company provides... Read Story

November 07, 2013, 07:56 AM