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News Stories (153 Results) - Energy

Peabody Energy Corporation amended its Credit Agreement by entering into Amendment No. 2 to Credit Agreement, by and among the company, the subsidiaries of the company party thereto as reaffirming parties, the lenders party thereto and Goldman Sachs... Read Story

November 20, 2017, 07:09 AM

Vitol S.A., an energy and commodities company, announced that it has closed syndication of a new US$ 8.0 billion revolving credit facility.The Facility comprises a 3-year tranche and a 364-day tranche, with over US$7.0bn commitments in the 3-year... Read Story

October 05, 2017, 07:05 AM

Vantage Commodities Financial Services, LLC (Vantage) announced that it has provided a $10 million credit facility to GB Power, a retail energy company based in Texas.Commenting on the financing, Vantage's President, Sumit Takkar stated "We are... Read Story

September 15, 2017, 07:00 AM

Great American Capital Partners, LLC, a wholly owned subsidiary of B. Riley Financial, Inc. (NASDAQ:RILY), has entered into an agreement with Greene’s Energy Group, LLC to provide a $25 million senior secured credit facility.“We are pleased to work... Read Story

September 13, 2017, 08:00 AM

LINN Energy, Inc. together with its subsidiaries, announced it has entered into a new $500 million senior secured reserve-based revolving credit facility with Royal Bank of Canada (RBC) as administrative agent. Concurrent with entry into the new... Read Story

August 08, 2017, 07:10 AM

Blackstone announced that Stephen R. Bolze, former President & CEO of General Electric’s $28 billion Power business, will join Blackstone as a Senior Managing Director and Head of Portfolio Operations and Asset Management for Blackstone’s newly... Read Story

August 04, 2017, 07:28 AM

Solar Capital Ltd. announced that on July 31, 2017, it acquired NEF Holdings, LLC ("NEF"), which conducts its business through its wholly-owned subsidiary Nations Equipment Finance, LLC. NEF is an independent equipment finance company that provides... Read Story

August 02, 2017, 07:20 AM

Helix Energy Solutions Group, Inc. announced that it has entered into an amended and restated credit agreement with a syndicated bank lending group in the amount of $250 million, consisting of a $150 million revolving credit facility and a $100... Read Story

July 06, 2017, 07:16 AM

Secure Energy Services Inc. announced it has entered a new $470 million first lien credit facility led by Alberta Treasury Branches (ATB) with a syndicate of ten financial institutions and Canadian Chartered banks. In addition, the Corporation has... Read Story

July 06, 2017, 07:12 AM

Duke Energy Corporation entered into a  $1 billion Credit Agreement, dated as of June 14, 2017, among the Corporation, as Borrower, the lenders listed therein, The Bank of Nova Scotia, as Administrative Agent, PNC Bank, National Association, Sumitomo... Read Story

June 15, 2017, 07:03 AM

Sunnova Energy Corporation, a U.S. solar provider, announced it has raised aggregate capital of nearly $1 billion in the past three months after closing a $140 million round of debt funding with CIT Group and other investors this past week. Prior to... Read Story

June 13, 2017, 07:45 AM

A syndicate of lenders has agreed to increase the size of Seven Generations Energy Ltd.'s senior secured credit facility by about 27%, from $1.1 billion to $1.4 billion. With this increase, 7G had available funding of about $1.9 billion as of March... Read Story

June 12, 2017, 07:12 AM

Capstone Turbine Corporation, a clean technology manufacturer of microturbine energy systems, announced that it has entered into two Credit and Security Agreements with Bridge Bank, a division of Western Alliance Bank. Under the terms of the Credit... Read Story

June 07, 2017, 07:00 AM

Callon Petroleum Company announced it has entered into an amended and restated credit agreement with respect to the senior secured revolving credit facility. The agreement extends the maturity date of the Facility until May 25, 2022, increases the... Read Story

June 02, 2017, 07:15 AM

Marquee Energy Ltd. announced key steps that have been taken to increase growth, value and liquidity. The company has entered into a term loan with Crown Capital Fund IV, LP, an investment fund managed by Crown Capital Partners Inc. and has closed a... Read Story

May 31, 2017, 07:09 AM

Spark Energy, Inc. announced the closing of a new $120 million senior secured borrowing base credit facility to replace the existing senior secured credit facility. The facility, which includes a $30 million accordion, replaces the current $107.5... Read Story

May 23, 2017, 07:33 AM

Parsley Energy, Inc. announced that the company amended its revolving credit agreement, thereby increasing the borrowing base by 60% to $1.4 billion, with a company-elected commitment amount of $1.0 billion. Wells Fargo Bank served as administrative... Read Story

May 02, 2017, 07:11 AM

Rex Energy Corporation announced that it has closed an agreement with a lending group led by Angelo, Gordon & Co. for a new $300 million first lien delayed draw term loan bearing interest of LIBOR + 8.75% on drawn amounts and maturing in April... Read Story

May 01, 2017, 07:19 AM

Toscana Energy Income Corporation announced that it has entered into a commitment letter with respect to a new senior secured demand revolving credit facility with Alberta Treasury Branches (ATB).The Credit Facility will provide the Corporation with... Read Story

May 01, 2017, 07:00 AM

MidCap Business Credit announced that it has completed a $6 million Asset Based Credit Facility to Summit Casing Equipment, a portfolio company of Renovo Capital, a Dallas based private equity firm. Summit Casing Equipment, manufactures and... Read Story

April 28, 2017, 07:06 AM

Lending to the U.S. oil and gas industry is expected to expand in 2017, according to a new report from Haynes & Boone that projects a modestly improved outlook for the sector.In its “Borrowing Base Redeterminations Survey: Spring 2017,” the firm... Read Story

April 06, 2017, 07:18 AM

Macquarie Capital, the corporate advisory, capital markets and principal investing arm of Macquarie Group announced the closing of the first non-recourse project financing of battery-based energy storage systems with CIT Bank. The financing, led by... Read Story

March 28, 2017, 07:17 AM

CIT Group Inc. announced that its Energy Finance business served as sole lead arranger and administrative agent for a $59.8 million construction and tax equity bridge loan and back-levered term loan facility to GCL New Energy Inc., a U.S. solar... Read Story

March 27, 2017, 07:13 AM

American Midstream Partners, LP announced that it has amended and upsized its secured revolving credit facility from $750 million to $900 million. The Amended Credit Facility also provides an accordion feature allowing for an additional $200 million... Read Story

March 21, 2017, 07:50 AM

As part of the company’s evolution from respected solar engineering powerhouse to one of the fastest growing EnTech companies in the country, SunLink Corporation has engaged Heritage Bank of Commerce to provide an expanded line of credit and other... Read Story

March 15, 2017, 07:00 AM

Vivint Solar, a leading full-service residential solar provider, announced that it has extended the term of the availability period for borrowing under its aggregation credit facility by an additional three years to March 2020 and the final maturity... Read Story

March 13, 2017, 07:17 AM

Cheniere Energy, Inc. announced that it has closed on a new four-year $750 million Revolving Credit Facility with nine financial institutions. Borrowings under the Revolving Credit Facility will bear interest at a rate of London Interbank Offered... Read Story

March 06, 2017, 07:00 AM

NGL Energy Partners LP (NGL) announced that the Partnership has successfully amended and extended its revolving credit facility extending the term of the facility to October 2021. The amended facility has an initial borrowing capacity of $1.765... Read Story

February 15, 2017, 07:00 AM

Vertex Energy, Inc., a refiner and marketer of high-quality specialty hydrocarbon products, announced that it has entered into funding agreements with Encina Business Credit, LLC (EBC) providing for up to $30 million of senior secured debt. The... Read Story

February 08, 2017, 07:38 AM

Mitsubishi UFJ Financial Group, Inc. announced that it topped the 2016 global Lead Arranger rankings for financing clean-energy and energy-smart technologies. By claiming the top spot on the annual Bloomberg New Energy Finance league table, MUFG has... Read Story

January 30, 2017, 07:13 AM

Prudential Capital Group, a leading source of private capital for public and private companies, and One Energy Enterprises LLC, announced the closing of an $80 million financing combination of senior and subordinated debt. Prudential Capital Group is... Read Story

January 16, 2017, 07:51 AM

Southcross Energy Partners, L.P. announced that it has secured an amendment to its revolving credit agreement. The amendment provides for a full two-year suspension of leverage covenants in the credit agreement through 2018. The amendment also... Read Story

January 05, 2017, 07:20 AM

Plug Power Inc., a leader in providing energy solutions that change the way the world moves, announced it has closed a $25 million senior loan with NY Green Bank. This loan provides Plug Power with additional liquidity and flexibility, and does not... Read Story

December 27, 2016, 07:54 AM

Basic Energy Services, Inc. announced earlier this month that the Company and its affiliated chapter 11 debtors obtained court approval of their prepackaged restructuring and recapitalization plan (the "Prepackaged Plan"), which received near... Read Story

December 23, 2016, 07:14 AM

Capital Southwest Corporation announced it invested $8 million of an $18 million first lien term loan to LRI Energy Solutions (“LRI”), a portfolio company of DFW Capital Partners. Alcentra Capital Corporation was agent on the transaction.LRI, based... Read Story

November 23, 2016, 07:35 AM

Gas Natural Inc. has closed a $92 million debt refinancing following receipt of regulatory approvals to reorganize its utilities within a wholly-owned subsidiary.    The financing consists of two components: A $50 million, 4.23% fixed-rate senior... Read Story

October 20, 2016, 07:32 AM

sPower, a leading renewable energy provider, announced today the completion of a tax equity investment and syndicated construction and term loan facility totaling $786 million. KeyBanc Capital Markets Inc. acted as Coordinating Lead Arranger for the... Read Story

October 07, 2016, 07:43 AM

Renewable Energy Group, Inc. has signed an agreement with Wells Fargo Bank Capital Finance and Fifth Third Bank to expand the company’s line of credit to $150 million from $60 million. Fifth Third Bank joins Wells Fargo as a lender under the line of... Read Story

October 05, 2016, 07:28 AM

Tesoro Corporation announced that the company has entered into a new senior secured revolving credit agreement with a group of banks led by JPMorgan Chase Bank. The new $2.0 billion, four-year cash flow credit facility replaces Tesoro`s previous $3.0... Read Story

October 04, 2016, 07:13 AM

ORIX Energy Capital provided $30 million in senior secured debt financing to Campbell Development Group LLC for the acquisition of the Illinois Basin long-life mature oil-producing assets from Rex Energy. The assets include approximately 76,000 net... Read Story

September 14, 2016, 07:29 AM

Halcón Resources Corporation announced it has completed its financial restructuring (the “Restructuring Plan”) and has emerged from its pre-packaged chapter 11 bankruptcy cases.  All of the conditions under its Plan of Reorganization, which was... Read Story

September 12, 2016, 08:11 AM

Chesapeake Energy Corporation announced it has engaged Goldman Sachs Bank USA, Citigroup Global Markets Inc. and MUFG to assist with the arrangement of a secured five-year term loan in an aggregate principal amount of $1.0 billion. Chesapeake intends... Read Story

August 15, 2016, 07:33 AM

Templar Energy LLC and its affiliates announced that it has reached an agreement with holders of over 82% in amount of its second lien debt, 100% of its equity holders and 100% of its first lien RBL lenders on the terms of a financial restructuring... Read Story

August 15, 2016, 07:29 AM

Murphy Oil Corporation announced that it has received commitments from certain members of its existing bank group and other new lenders to enter into a $1.2 billion revolving credit facility. The new revolving credit facility will be a senior... Read Story

August 11, 2016, 07:06 AM

Jericho Oil Corporation announced that, in conjunction with its private family partner, it has entered into a $30 million senior secured revolving credit facility (the "Facility") with East West Bancorp as the sole arranger. The initial borrowing... Read Story

August 03, 2016, 07:36 AM

Greenbacker Renewable Energy Company announced that through a wholly-owned subsidiary it entered into a credit agreement of up to $37.55 million with Fifth Third Bank to support the ongoing expansion of Greenbacker's investments in solar operating... Read Story

July 13, 2016, 08:01 AM

Plug Power Inc. has closed on a long-term loan facility for up to $40 million with Hercules Capital. The proceeds will be used for working capital and general corporate purposes.  The facility has a three year term, is secured by a first priority all... Read Story

June 28, 2016, 07:33 AM

CSG Investments, Inc., a global buy-and-hold institution headquartered in Dallas, TX, announced a $360 million debt refinancing facility for Texas-based Panda Power Funds, with funding provided by Beal Bank."Beal Bank was the lender for a senior loan... Read Story

June 06, 2016, 07:35 AM

Talen Energy Corporation, a competitive energy and power generation company that owns or controls 16,000 megawatts of capacity in eight states, has entered into a definitive merger agreement with affiliates of Riverstone Holdings LLC, a private... Read Story

June 06, 2016, 07:21 AM

Debtor-in-possession (DIP) financings are frequently being left out of the equation for the current crop of bankrupt energy firms as many opt for pre-negotiated bankruptcy plans to speed up the restructuring process and rely on cash, according to... Read Story

May 24, 2016, 07:39 AM

Breitburn Energy Partners LP announced that it and certain of its affiliates filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York... Read Story

May 16, 2016, 07:39 AM

FuelCell Energy, a global leader in the design, manufacture, operation and service of ultra-clean, efficient and reliable fuel cell power plants, announced that it has closed a long-term loan facility with Hercules Capital. for up to $25 million to... Read Story

April 19, 2016, 07:39 AM

Evolution Petroleum Corporation announced that it has entered into a new three-year, senior secured reserve-based credit facility ("Facility") with MidFirst Bank of Oklahoma City, Oklahoma.  The $50 million Facility replaces the company's unsecured... Read Story

April 14, 2016, 07:44 AM

Atlantic Power Corporation announced that APLP Holdings Limited Partnership, a wholly-owned subsidiary of thecompany, has entered into new senior secured credit facilities, comprising $700 million in aggregate principal amount of senior secured term... Read Story

April 14, 2016, 07:17 AM

Chesapeake Energy Corporation announced it has amended its $4.0 billion secured revolving credit facility agreement maturing in 2019 with its bank syndicate group. Key attributes include: Borrowing base reaffirmed at $4.0 billion, consistent with... Read Story

April 12, 2016, 07:28 AM

Hastings Equity Partners, a private equity firm focused on investing in lower middle-market energy services and equipment companies, is excited to announce its fifth Fund III platform investment in Cactus Fuel, LLC. PNC Financial Services provided... Read Story

March 29, 2016, 07:18 AM

Clayton Williams Energy, Inc. announced it has entered into a credit agreement with certain funds managed by Ares Management, providing for the Lenders to make secured term loans to the company in the principal amount of $350 million. The company... Read Story

March 09, 2016, 08:00 AM

Suburban Propane Partners, L.P., a nationwide distributor of propane, fuel oil and related products and services, as well as a marketer of natural gas and electricity, announced the refinancing of the senior secured credit facility (the "Revolving... Read Story

March 04, 2016, 07:33 AM

Reuters reports that cash-strapped energy firms are coming under increasing pressure from U.S. bank lenders and, on average, could see a 15 percent to 20 percent cut in their credit lines. The Reuters article references comments  the head of JP... Read Story

February 24, 2016, 07:49 AM

Paul Hastings LLP, a leading global law firm, represented Morgan Stanley Senior Funding, Inc. and BMO Capital Markets Corp., as joint lead arrangers and bookrunners on the financing for the acquisition by ArcLight Energy Partners of Gulf Oil Limited... Read Story

January 04, 2016, 07:49 AM

Par Pacific Holdings, Inc. announced that its wholly-owned subsidiaries, HIE Retail, LLC and Mid Pac Petroleum, LLC, have completed the refinancing and repayment of their existing senior secured credit agreements, the closing of which occurred on... Read Story

December 21, 2015, 07:50 AM

FuelCell Energy announced a $30 million project financing facility with PNC Energy Capital, LLC, a full service capital provider to the renewable energy and demand side management segments of the energy industry. This facility provides long term... Read Story

December 16, 2015, 07:25 AM

Tallgrass Energy Partners has increased its revolving credit facility from $850 million to $1.1 billion, and has an option to further increase the revolving credit facility by up to an additional $400 million of commitments to $1.5 billion. The... Read Story

November 30, 2015, 07:37 AM

Energy and metals/mining defaults continued unabated midway through the fourth quarter, placing continued pressure on the U.S. high yield default rate, according to Fitch Ratings. Five energy companies either completed distressed debt exchanges... Read Story

November 16, 2015, 07:42 AM

United Wind, a leading provider of distributed wind energy solutions, has secured financing from U.S. Bank and New York Green Bank to expand its market leading WindLease program, which enables both residential and commercial property owners to lease... Read Story

October 09, 2015, 07:19 AM

Conergy, one of the largest and most experienced downstream solar companies operating globally, has increased its Tennenbaum-led bank guarantee facility to $75 million with funding from Goldman Sachs BDC, Inc. The increase will be used as collateral... Read Story

September 16, 2015, 07:23 AM

Paragon Offshore plc announced it had borrowed approximately $332 million under its senior secured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders and other parties party thereto, which represented... Read Story

September 08, 2015, 07:49 AM

Midstream transactions drove oil and gas strategic dealmaking efforts in the second quarter of 2015 as companies adapt their operations and business objectives to the lower oil price environment, according to PwC US.  In total, mergers and... Read Story

August 10, 2015, 07:59 AM

Mike Richter and Enhanced Capital Group, LLC announced the formation of Advanced Generation & Efficiency, LLC ("AG&E"), a joint venture to finance, construct, own and operate distributed generation and energy efficiency projects across the United... Read Story

August 10, 2015, 07:46 AM

Siena Lending Group announces the completion of a $7.25 million revolving and term loan facility for Don Rose Oil Company (“DRO”). The facility was used to refinance the existing lender as well as providing additional liquidity for working capital... Read Story

August 03, 2015, 07:53 AM

Star Gas Partners has entered into a third amended and restated asset-based revolving credit facility, which expires in July 2020 and provides the ability to borrow up to $300 million ($450 million during the heating season from December through... Read Story

July 31, 2015, 07:17 AM

Lonestar Resources, Ltd. announced the closing of a new $500 million senior secured credit facility, which replaces its previous $400 million facility.Lonestar's new facility was arranged by Citibank, N.A., and importantly, features an expanded... Read Story

July 29, 2015, 07:29 AM

Renewable Energy Group, Inc.  has expanded its line of credit agreement with Wells Fargo Capital Finance, LLC from $40 million to $60 million.In a filing with the Securities and Exchange Commission, REG disclosed that two wholly-owned subsidiaries... Read Story

July 23, 2015, 08:05 AM

Abengoa Yield has increased its existing $125 million credit facility with a revolver Tranche B for an additional amount of $290 million. Tranche B was closed with Bank of America as global coordinator and joint bookrunner, HSBC as agent and joint... Read Story

July 20, 2015, 07:18 AM

Spark Energy, Inc.  has acquired CenStar Energy, a retail energy company with approximately 75,000 residential customer equivalents. CenStar serves natural gas and electricity customers across 20 utilities in New York, New Jersey, and Ohio.In... Read Story

July 10, 2015, 07:18 AM

CorEnergy Infrastructure Trust, Inc. has amended and upsized its existing $93 million revolving credit facility to provide borrowing commitments of $153 million, consisting of a $105 million revolver and a $45 million term loan at the CorEnergy... Read Story

July 09, 2015, 07:13 AM

Sabine Oil & Gas Corporation announced that on June 30, 2015, it signed an amendment to its previously announced forbearance agreement with the lenders under its revolving credit facility. The amended forbearance agreement will provide the company... Read Story

July 02, 2015, 07:27 AM

CIT Group announced that it provided a $75 million senior secured credit facility to an affiliate of AES Distributed Energy, Inc., a subsidiary of The AES Corporation, to finance its acquisition of residential solar systems across the United States... Read Story

June 26, 2015, 07:53 AM

Tall Oak Midstream, LLC announced its subsidiaries, TOMPC, LLC and TOM-STACK, LLC, have each closed a $75 million credit facility with accordion features that allow for expansions to $100 million. Formed in early 2014, Tall Oak is an independent... Read Story

June 25, 2015, 06:52 AM

Swift Energy Company announced that it has initiated a process to obtain a new first-lien term loan (the “Proposed Term Loan”). The principal amount of the Proposed Term Loan is expected to be $640 million. The loan would mature five years after the... Read Story

June 24, 2015, 07:07 AM

Warren Resources, Inc. announced the closing of a $250 million strategic refinancing with funds sponsored by Franklin Square Capital Partners and sub-advised by GSO Capital Partners LP, the credit division of Blackstone, providing Warren with both... Read Story

May 27, 2015, 07:10 AM

TerraForm Power, a global owner and operator of clean energy power plants,announced it has increased total commitments to the five-year revolving credit facility of its wholly-owned subsidiary TerraForm Power Operating, LLC by $100 million to $650... Read Story

May 04, 2015, 07:26 AM

Canacol Energy Ltd.  announced that it has entered into a credit agreement for a US$ 200 million senior secured term loan with a syndicate of banks led by BNP Paribas as Sole Lead Arranger and Sole Bookrunner, and including Davivienda, Citibank... Read Story

April 27, 2015, 07:41 AM

Hanwha Q CELLS Co. Ltd. (the "Company", or "Hanwha""), one of the world's largest photovoltaic manufacturer of high-quality, cost-competitive solar modules, announced that its U.S. entity has signed a $20 million three-year Senior Secured Revolving... Read Story

March 16, 2015, 07:50 AM

Petrowest Corporation has entered into a new three-year credit agreement with Bank of Montreal and a syndicate comprised of Royal Bank of Canada, ATB Financial and Canadian Western Bank (the "New Facility"). The new facility includes a $50 million... Read Story

January 26, 2015, 07:14 AM

Penn Virginia (PVA) announced its bank group has approved an increase in the borrowing base under PVA's senior secured credit facility from approximately $438 million to $500 million.  PVA's financial liquidity, inclusive of the expanded borrowing... Read Story

October 27, 2014, 07:09 AM

Magnum Hunter Resources Corporation announced it has closed on two new credit facilities and completely refinanced its prior revolving credit facility. Credit Suisse Securities (USA) LLC and BMO Capital Markets acted as joint lead arrangers for the... Read Story

October 23, 2014, 07:25 AM

Tall Oak Midstream, LLC (“Tall Oak”) announced its subsidiary, TOMPC, LLC, has secured a $100 million senior credit facility that can be expanded to $150 million. Formed in early 2014, Tall Oak is an independent midstream company focused on providing... Read Story

October 17, 2014, 07:14 AM

GE Energy Financial Services has arranged a senior secured revolving credit facility for All American Oil & Gas, Inc. to refinance debt and fund reserve development in the Bakersfield, California, Kern River Oil Field. The $200 million facility --... Read Story

October 16, 2014, 07:27 AM

OneRoof Energy, Inc., a residential solar services provider and wholly owned subsidiary of OneRoof Energy Group, Inc., announced that New Resource Bank will provide approximately $2 million in debt financing to lower its cost of funds on a pool of... Read Story

October 15, 2014, 06:49 AM

Eagle Rock Energy Partners, L.P. has amended its five-year senior secured credit facility originally entered into on June 22, 2011 with a syndicate of banks led by Wells Fargo, N.A. as administrative agent, and Bank of America, N.A. and Royal Bank of... Read Story

October 15, 2014, 06:40 AM

CorEnergy Infrastructure Trust, Inc. announced the closing of a new $30 million senior secured revolving credit facility with Regions Bank. The new four-year credit facility replaces the company’s existing $20 million revolving line of credit with... Read Story

October 01, 2014, 06:39 AM

Alpha Natural Resources, Inc., a leading U.S. coal supplier, announced it has amended and extended its senior secured credit facility and established a new accounts receivable securitization facility, further enhancing the company's long-term... Read Story

September 26, 2014, 08:01 AM

Black Ridge Oil & Gas, Inc.announced an increase to the Cadence Bank, N.A. senior secured credit facility borrowing base to $35 million, a 75% increase from the previous borrowing base of $20 million. The increase is largely based on the company's... Read Story

September 12, 2014, 07:10 AM

American Midstream Partners, LP announced today the execution of an amended and restated credit facility to increase the borrowing capacity to $500 million, with the option to further increase the borrowing capacity to $700 million, and to extend the... Read Story

September 09, 2014, 07:03 AM

Endurance Wind Power Inc., the leader in distributed wind solutions, announced today that it has recently closed a $10 million senior revolving credit facility with Comerica Bank, and supported by Export Development Canada under its Export Guarantee... Read Story

September 08, 2014, 07:19 AM

Cloud Peak Energy Inc. has amended its $500 million revolving credit facility to relax certain financial covenants, including the net secured debt leverage ratio and interest coverage ratio.Michael Barrett, Executive Vice President and Chief... Read Story

September 08, 2014, 07:11 AM

Canyon Midstream Partners, LLC ("Canyon") announced it has secured a four-year, $50 million credit facility, which can be expanded to $100 million. Proceeds from the credit facility will fund Canyon's expansion plans in the Permian Basin, the... Read Story

September 05, 2014, 07:54 AM

Escalera Resources Co. has entered into a new $250 million credit facility with Societe Generale, who is acting as both the administrative agent and initial Lender, and SG Americas Securities, LLC as bookrunner and sole lead arranger. The facility... Read Story

September 03, 2014, 07:04 AM

Hallador Energy Company announced its wholly owned subsidiary, Sunrise Coal LLC, closed the acquisition of Vectren Fuels.  As previously announced on July 1, 2014, an agreement was reached on the sale. A company press release notes the purchase price... Read Story

September 02, 2014, 07:28 AM

Atlas Pipeline Partners, L.P. announced the Partnership has successfully amended its revolving credit facility, significantly increasing the Partnership's borrowing capacity, extending the term of the facility, and lowering borrowing costs.  The new... Read Story

August 29, 2014, 07:28 AM

American Eagle Energy Corporation closed a senior secured revolving credit facility with an initial borrowing base of $60 million. The borrowing base will be redetermined on a semi-annual basis. The credit facility interest rate ranges from LIBOR... Read Story

August 28, 2014, 07:53 AM

Mergers & Acquisitions reports Heron Lake Bioenergy LLC has entered into a new loan agreement that will allow the ethanol company to repay existing debt. The company, headquartered in Heron Lake, Minnesota, operates a natural gas-fired ethanol plant.... Read Story

August 22, 2014, 07:09 AM

PBF Energy Inc. announced that its subsidiary, PBF Holding Company LLC, has amended and restated its and its subsidiaries’ revolving credit agreement. Commitments under the facility have increased from $1.6 billion to $2.5 billion, with an accordion... Read Story

August 18, 2014, 08:04 AM

1836 Capital, LLC announced it has completed a debt placement on the acquisition of a well drilling and maintenance company in West Texas. 1836 Capital, LLC was engaged by a private equity firm to assist with the leveraged buyout of the oilfield... Read Story

August 12, 2014, 07:04 AM

Alta Mesa Holdings, L.P. announced that its lenders have completed a redetermination of the Company's borrowing base. Pursuant to the terms of the reserve-based revolving line of credit facility, the borrowing base has been increased by the lenders... Read Story

August 11, 2014, 05:59 AM

The Houston-based Natural Resources Oil & Gas Group of ING Capital LLC, a corporate finance advisory and specialized lending services firm that is part of ING Group, has appointed Scott Lamoreaux as Director. He will be responsible for helping with... Read Story

July 08, 2014, 07:49 AM

Kawa Solar Holdings, Ltd. (the "Conergy Group"), one of the world's largest downstream solar companies, announced the closing of a $60 million bank guarantee facility for the company's rapidly growing solar projects business.Arranged by Deutsche Bank... Read Story

July 08, 2014, 07:09 AM

Boralex Inc. has completed the refinancing of its corporate revolving credit facility for an amount of C$130 million and improves its financial flexibility. Boralex also announces the reimbursement of its C$35 million loan maturing on July 9... Read Story

June 30, 2014, 07:08 AM

GASFRAC Energy Services Inc. has closed the $60 million debt financing previously announced in a Jun. 4 press release. GASFRAC has entered into a senior secured credit facility with PNC Bank Canada Branch. The facility is a five-year revolving credit... Read Story

June 23, 2014, 08:06 AM

Seadrill Partners LLC announced that it is launching a proposed U.S.$1 billion senior secured term loan B, which will be borrowed on substantially the same terms as the company's existing U.S.$1.8 billion senior secured term loan B incurred in... Read Story

June 06, 2014, 06:56 AM

CIT Group Inc. announced that CIT Corporate Finance arranged a $125 million senior secured credit facility for Independence Contract Drilling (ICD), an integrated premium land drilling services provider with a fleet of ShaleDriller™ land drilling... Read Story

June 04, 2014, 07:18 AM

Three Forks, Inc., an independent oil and gas exploration and production company with operations and assets in Colorado, Texas, Oklahoma and Louisiana, announced it has secured a $50 million revolving line of credit with Guaranty Bank and Trust... Read Story

May 12, 2014, 07:24 AM

Gevo, Inc. announced the closing of a private debt financing with Whitebox Advisors LLC consisting of a senior secured term loan exchangeable into senior secured convertible debentures.The aggregate proceeds from the term loan are $25.9 million with... Read Story

May 12, 2014, 07:12 AM

Eureka Hunter Pipeline, LLC, a majority-owned subsidiary of Magnum Hunter Resources Corporation, has closed on a new $117 million senior secured revolving credit facility. The aggregate commitment may be increased in the future to a principal amount... Read Story

April 01, 2014, 07:28 AM

Callon Petroleum Company announced the closing of an amended $500 million revolving credit facility (the "Amended Credit Facility") and a new $125 million senior secured second lien term loan facility (the "Second Lien Facility"). Each facility will... Read Story

March 12, 2014, 07:42 AM

GB Credit Partners, the investment management affiliate of Gordon Brothers Group, announced it has provided a senior secured credit facility of approximately $15 million to JW Resources which will finance its ongoing working capital needs. JW... Read Story

March 06, 2014, 07:35 AM

Victory Energy Corporation, a publicly held, independent, growth-oriented oil and gas company, announced it has obtained $36.4 million of bank and private-placement funding through its interest in Aurora Energy Partners. The company, as controlling... Read Story

February 25, 2014, 07:52 AM

Seadrill Partners LLCt has upsized the proposed $1.7 billion term loan B announced on January 31 to $1.8 billion and priced the term loan at Libor plus 3%, the low end of the range. Concurrent with the term loan, the Company will obtain a $100... Read Story

February 18, 2014, 07:19 AM

Nostra Terra announced it has entered into a US$25 million credit facility with Texas Capital Bank. The new facility contains both a three-year revolving credit facility and a standby letter of credit facility with an initial nominal limit of US$25... Read Story

February 03, 2014, 07:37 AM

Atlantic Power Corporation (the "Company"), today announced that, as part of the Company's ongoing plans to address its upcoming debt maturities and improve its financial flexibility, Atlantic Power Limited Partnership ("APLP"), a wholly-owned... Read Story

January 31, 2014, 07:49 AM

Suroco Energy Inc. ("Suroco" or the "Corporation")announced that it has entered into an amendment (the "First Amendment") to the senior secured credit facility (the "Credit Agreement") that it entered into on March 15, 2013 with Macquarie Bank... Read Story

January 31, 2014, 07:18 AM

Kayne Anderson Energy Development Company (the "Company" or "KED") announced today that it renewed its secured revolving credit facility (the "Credit Facility") and increased the total commitment amount from $95 million to $120 million by adding... Read Story

January 30, 2014, 07:51 AM

Endeavour International Corporation announced the closing of a $255 million senior secured first lien term loan with an interest rate of 8.25% (Libor + 700 basis points). The first lien note is a strip facility consisting of a $125 million Secured... Read Story

January 27, 2014, 07:31 AM

Bruderman Brothers, Inc. has structured and arranged a revolving credit facility and term loan for Global Energy Efficiency Holdings, Inc. ("GEE" or the "Company") with M&T Bank.  GEE is an energy management firm focused on the installment and... Read Story

January 22, 2014, 07:56 AM

Xtreme Drilling and Coil Services announced the company finalized a new $150.0 million credit facility with a syndicate of banks led by Wells Fargo. The new arrangement is three years in term and includes the ability to increase the line to $175.0... Read Story

January 21, 2014, 07:55 AM

Cloud Peak Energy Resources LLC. entered into a Commitment Letter, dated January 17, 2014 , with Morgan Stanley Senior Funding, Inc., PNC Bank, National Association, Wells Fargo Bank, N.A., JPMorgan Chase Bank, N.A., Credit Suisse AG, Cayman Islands... Read Story

January 20, 2014, 07:12 AM

SolarCity Corp. announced that it has increased the size of its corporate revolver to $200 million. This three-year credit facility bears interest of 2.25% over Base Rate or 3.25% over LIBOR. Bank of America Merrill Lynch is the Sole Lead Arranger... Read Story

December 23, 2013, 06:56 AM

Triangle Petroleum Corporation announced  that Caliber Midstream Partners, L.P., its midstream joint venture with First Reserve's Energy Infrastructure Fund , has closed on a senior secured revolving credit facility in the amount of $200 million.The... Read Story

December 19, 2013, 11:37 AM

First Wind, an independent U.S.-based renewable energy company, announced that its joint venture with Emera, Northeast Wind, has issued a new corporate credit facility, consisting of a $320 million Term Loan B debt facility and a $75 million Letter... Read Story

November 15, 2013, 07:26 AM

Energy Transfer Equity, L.P. announced that it has launched the syndication of a new senior secured term loan credit facility. ETE intends to use the net proceeds from the new term loan facility to refinance its existing $900 million senior secured... Read Story

November 04, 2013, 08:01 AM

Bloomberg reports Energy Future Holdings Corp. has lined up $4.4 billion of loans in the event the Texas power generator ever files for bankruptcy protection. According to the Bloomberg report, the financing which is currently under negotiation will... Read Story

November 04, 2013, 07:18 AM

Western Refining Logistics, has completed its initial public offering of 15,812,500 common units representing limited partner interests in WNRL, at $22.00 per unit, pursuant to a registration statement on Form S-1 filed with the U.S. Securities and... Read Story

October 18, 2013, 07:38 AM

CIT Group announced that it arranged a $100 million senior secured credit facility for AWCC Holdings LLC, a subsidiary of American Wind Capital, to acquire a portfolio of land leases and lease royalties from solar projects from Hawaii to New York.... Read Story

September 18, 2013, 07:45 AM

CenterPoint Energy, Inc. amended the three revolving bank credit facilities of the parent and its wholly-owned subsidiaries, CenterPoint Energy Houston Electric, LLC (CEHE) and CenterPoint Energy Resources Corp. (CERC).The amendments extend the... Read Story

September 11, 2013, 07:02 AM

AloStar Business Credit has provided a $6.5 million senior secured credit facility to Armstrong Tool, Inc., a provider of oil and gas field equipment for the oil and gas production industry. The secured credit facility includes a $4 million term loan... Read Story

September 04, 2013, 08:04 AM

Foresight Energy LLC announced it completed a $1.55 billion financing including a $500 million secured revolving credit facility due August 2018, a $450 million secured term B loan due August 2020 and a private offering of $600 million aggregate... Read Story

August 26, 2013, 07:24 AM

Blue Racer Midstream, LLC (“Blue Racer”) announced today that it has secured a five-year, $800 million credit facility, which can be expanded to $1 billion in the future. Formed in December 2012, Blue Racer is a joint venture between Caiman Energy II... Read Story

August 23, 2013, 07:54 AM

Lignol Energy Corporation ("LEC" or the "Company"), a leading technology company in the advanced biofuels and renewable chemicals sector, announced that further to its announcement of February 27, 2013, the Company has replaced its secured credit... Read Story

August 15, 2013, 07:14 AM

Black Ridge Oil & Gas, an exploration and production company focused on non-operated Bakken and Three Forks properties, entered into a $50 million first lien revolving credit facility (the "Senior Credit Facility") with Cadence Bank, N.A. and a $75... Read Story

August 09, 2013, 07:30 AM

PetroShale announced the new corporate structure of PetroShale (US), Inc., the execution of a new three year revolving credit facility with Independent Bank of Dallas, Texas, and the execution of a new one year revolving credit facility with the Todd... Read Story

August 06, 2013, 03:19 PM

PNC announced a $150 million syndication of a senior secured revolving credit for Emerge Energy Services LP (EMES).  In addition, PNC provided treasury management and institutional investment products. PNC Capital Markets LLC led the syndication of... Read Story

July 25, 2013, 07:59 AM

NRG Yield, a subsidiary of NRG Energy, Inc., has closed its previously announced initial public offering of 19.575 million shares of its Class A common stock at a price of $22.00 per share. In connection with the initial public offering, the... Read Story

July 23, 2013, 07:17 AM

Delek Logistics Partners increased its lender commitments under its revolving bank credit facility to $400 million from $175 million to support the future growth of its business. Fifth Third Bank is the administrative agent, Bank of America, N.A. and... Read Story

July 11, 2013, 07:11 AM

Willbros Group announced that it will pursue a refinancing of its outstanding term loan and revolving credit facilities. The company expects the refinancing to enable it to borrow new funds at a lower interest rate, to extend the maturity of its debt... Read Story

July 08, 2013, 08:02 AM

Mandalay Resources Corporation announced an amendment to its secured revolving credit facility effective Jun. 28, 2013. The company's revolving credit facility, arranged by BMO Capital Markets, was originally entered into by the company on May 30... Read Story

July 03, 2013, 07:08 AM

Oxford Resource Partners has successfully completed a refinancing of its credit facilities that significantly enhances the partnership's financial flexibility and puts it in a stronger position to participate in a coal market rebound.The partnership... Read Story

June 25, 2013, 08:11 AM

CIT Group arranged a $60 million senior secured credit facility for Independence Contract Drilling (ICD), a vertically integrated premium land drilling services provider, to build a fleet of fast moving land-based oil and gas programmable AC drilling... Read Story

June 12, 2013, 08:39 AM

Pacific Drilling S.A. announced the closing of three financing transactions totaling $2 billion. The transactions included an offering of $750 million in 5.375% senior secured notes due 2020, a $750 million senior secured term loan with 2018 maturity... Read Story

June 05, 2013, 07:19 AM

Bank of America Business Capital has completed a senior secured credit facility for MV Purchasing, LLC to refinance the company’s existing debt and provide ongoing working capital. The financing includes a revolving credit facility and a term loan to... Read Story

May 23, 2013, 08:05 AM

GE Energy Financial Services, a unit of GE, has closed a $200 million senior secured credit facility subject to a $135 million initial borrowing base for SND Consolidated Energy LLC to refinance debt and fund oil and gas field development in East... Read Story

May 16, 2013, 08:02 AM

CIT Group arranged a $26 million senior secured credit facility to Citizens Solar Holdings for the construction of five ground-mounted solar photovoltaic power generation facilities located in Devens, Holyoke, Whately and Agawam, Massachusetts.... Read Story

May 06, 2013, 08:32 AM

Western Refining announced the successful completion of an amendment and restatement of its revolving credit agreement. The amended agreement, which is comprised of a syndicate of banks with commitments of $900.0 million, matures in April 2018.... Read Story

April 12, 2013, 08:12 AM