esVolta announced completion of a $185 million senior secured credit facility.The credit facility will provide esVolta with access to additional development capital and credit support to secure obligations principally relating to interconnection...
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Natixis Corporate and Investment Banking (Natixis CIB) closed a series of financings to support the development and construction of Invenergy's renewable power projects in Kansas and Texas. The four projects represent a combined total capacity of 677...
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Haynes and Boone advised Diversified Energy Co. PLC (“DEC”) on its $410 million acquisition of oil and natural gas assets from Oaktree Capital Management, L.P.Under the agreement, DEC will purchase interests in natural gas wells located in the...
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Par Pacific Holdings announced an expected increase in lender commitments under its existing asset-based revolving credit facility (“ABL”) to up to $1.4 billion. The increase is expected to be based, in part, on the addition of certain collateral...
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Arevon Energy, a renewable energy developer, owner, and operator, has secured more than $1 billion in aggregate financing commitments for its Eland 2 Solar-plus-Storage Project in Kern County, California. The 374 megawatt (MWdc) solar project coupled...
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February 22, 2024, 07:00 AM
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Greenalia, a leading Spanish developer of renewable power projects, announced the close of $200 million of three-year credit facilities to support the development of its solar and wind project pipeline in the U.S. Greenalia Power US Advanced II, LLC...
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February 20, 2024, 07:00 AM
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BHI entered into an agreement with Reno, Nevada-based Ormat Technologies to provide a new $75 million term loan for the company.With over five decades of experience, Ormat Technologies, Inc. is a leading geothermal company and the only vertically...
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January 26, 2024, 07:09 AM
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Aspen Power, a distributed generation platform with a mission to accelerate and democratize decarbonization, completed three financings totaling $241 million with J.P. Morgan, Lombard Odier, and Mitsubishi UFJ Financial Group, Inc. (MUFG). The...
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January 17, 2024, 07:54 AM
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NextDecade Corporation's wholly owned subsidiary, NextDecade LNG has entered into a credit agreement with MUFG Bank as lender and administrative agent that provides for a $50 million senior secured revolving credit facility and a $12.5 million...
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January 05, 2024, 08:00 AM
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BrightNight, the next generation and global renewable power producer built to deliver clean and dispatchable solutions, closed a $375 million corporate credit facility. This significant financial milestone underscores the company's commitment to...
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January 05, 2024, 07:54 AM
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Altus Power announced the closing of secured credit facility having a principal loan amount of $100 million by an affiliate of Goldman Sachs Asset Management and CPPIB Credit Investments III Inc., a subsidiary of Canada Pension Plan Investment Board....
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January 03, 2024, 07:51 AM
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Breakwall Capital, a credit investment firm that services the energy industry, has launched as an independent and employee-owned asset advisor. Breakwall is a seasoned credit investor and energy specialist dedicated to facilitating the growth and...
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January 02, 2024, 08:10 AM
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Vertex Energy, a leading specialty refiner and marketer of high-quality refined products, has successfully amended its existing term loan agreement. The Company has reached an agreement with its existing group of lenders to modify certain terms and...
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January 02, 2024, 06:00 AM
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Pattern Energy Group LP has closed an $11 billion non-recourse financing and begun full construction of SunZia Transmission and SunZia Wind, which together is the largest clean energy infrastructure project in U.S. history. SunZia Transmission is a...
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December 28, 2023, 07:34 AM
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Hull Street Energy closed a $160 million financing for its 855 MW Milepost Power Texas portfolio known as Mesquite Generation. The plants in the Mesquite portfolio are located in Bastrop and Paris, Texas, and provide critical power generation and...
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December 27, 2023, 08:02 AM
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iSun, Inc., a leading solar energy and clean mobility infrastructure company announced the closing of an $8.0 million senior secured loan with Decathlon Capital Partners to refinance in full the prior senior secured convertible facility which had...
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December 18, 2023, 07:43 AM
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Greenbacker Capital Management, a leading renewable energy asset manager, has entered, through an affiliated investment vehicle, into a $92 million financing agreement with BMO, who served as both lender and the administrative agent for the deal....
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December 15, 2023, 07:49 AM
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Oxford Commercial Finance recently provided a $3.035MM Sale Leaseback transaction to an alternative energy developer for a public university based in Connecticut. This fuel cell will provide clean energy to the university and moves the school closer...
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December 13, 2023, 07:00 AM
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Lycos Energy entered into an amending agreement with the National Bank of Canada to increase its existing revolving credit facility from $35.0 million to $50.0 million. The credit facility provides added financial flexibility to support the Company's...
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December 05, 2023, 06:00 AM
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Longroad Energy Holdings, a U.S. based renewable energy developer, owner and operator, closed $600 million in debt financing to further accelerate the growth of its wind, solar, and battery portfolio. The credit facility is composed of a $275 million...
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November 28, 2023, 07:42 AM
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Banco Latinoamericano de Comercio Exterior - Bladex, announced the successful closing of a US$368 million A/B Loan Facility, under IDB Invest´s A/B Loan Structure, and US$27 million associated Debt Service Reserve Letter of Credit Facility.Bladex...
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November 27, 2023, 07:00 AM
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Summit Ridge Energy, the nation's largest commercial solar company, announced a $275 million expansion of its existing partnership with MUFG. The capital will be used for both construction and term debt financing, enabling Summit Ridge Energy to...
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November 21, 2023, 07:40 AM
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Strata Clean Energy closed a $300 million new revolving loan and letter of credit facility to expand Strata’s operational fleet and accelerate the commercialization of its diversified 17+ GW development pipeline.Nomura Securities International, Inc....
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November 07, 2023, 08:00 AM
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Altius Renewable Royalties Corporation (“ARR”) announced that certain subsidiaries of ARR’s 50% owned Great Bay Renewables joint venture (such subsidiaries are collectively referred to herein as “Great Bay”), have entered into senior secured credit...
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November 01, 2023, 07:48 AM
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Clifford Chance advised BBVA S.A., Intesa SanPaolo S.P.A., and MUFG Bank, LTD as lenders on a US$252 million construction to back-leverage project financing package to OPDEnergy for the construction of two solar photovoltaic electric generating...
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October 26, 2023, 06:00 AM
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BB Energy, a leading global independent energy trading company, has successfully renewed and expanded its senior secured borrowing base credit facility in the Americas. The Facility finances the company's working capital needs for inventory and...
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October 23, 2023, 08:26 AM
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Amerisource Business Capital closed and funded a $14,000,000 working capital facility for a Texas-based provider of wireline solutions to the U.S. energy industry. The proceeds will support an ownership transition and anticipated growth. Doug Forbes...
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September 26, 2023, 07:52 AM
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Mitsubishi UFJ Financial Group (MUFG) announced the refinancing of $500 million in credit facilities for Invenergy Thermal Operating I (“ITOI”), a 2.29 GW natural gas-fired power generation portfolio jointly owned by Invenergy and InfraBridge, and...
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September 07, 2023, 07:07 AM
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OPAL Fuels, a vertically integrated producer and distributor of renewable natural gas (RNG) and renewable electricity, closed a new $500 million senior secured credit facility. The Credit Facility consolidates certain existing indebtedness and...
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September 05, 2023, 07:50 AM
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When a California-based solar installation company sought a line of credit to help fund its growth, the company partnered with Republic Business Credit. Republic provided an asset-based line of credit on accounts receivable and inventory to the...
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August 31, 2023, 07:39 AM
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First Citizens Bank's Capital Equipment Finance group, part of the CIT division, served as lead arranger on $200 million in financing for New Fortress Energy Inc.Headquartered in New York, New Fortress Energy is a global energy infrastructure company...
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August 30, 2023, 07:33 AM
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Greenbacker Renewable Energy Company closed on a new warehouse financing facility in an initial aggregate principal amount of $75 million, with the potential to increase up to $250 million. Greenbacker will use the proceeds of the facility to support...
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August 21, 2023, 08:00 AM
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Greenbacker Capital Management (“GCM”), a leading renewable energy asset manager, announced that, through an affiliated investment vehicle, it has completed a $148 million tax equity financing commitment with RBC Community Investments. The...
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August 11, 2023, 07:00 AM
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Amplify Energy closed a new senior secured reserve-based revolving credit facility with Keybanc Capital Markets, Cadence Bank and Citizens Bank as joint lead arrangers and KeyBank as the administrative agent. The New Credit Facility replaces in full...
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August 03, 2023, 07:42 AM
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Hallador Energy Company entered into a new $140 million credit agreement today, with PNC Bank as the administrative agent, extending the term of the agreement through 2026.The primary purpose of the amendment was to convert $65 million of the...
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August 03, 2023, 07:38 AM
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Natixis Corporate & Investment Banking (Natixis CIB) closed a $1.5 billion sustainability-linked revolving credit facility to support Invenergy Renewables Operating I LLC (IROI) and its parents' growing project development pipeline.This financing...
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August 03, 2023, 07:14 AM
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Zions Bancorporation, through its Texas division, Amegy Bank, closed and funded a $20,000,000 credit facility for an energy-focused private equity-owned provider of oil country tubular goods and services. The credit facility consisted of a multi-year...
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First Citizens Bank's Energy Finance group, part of the CIT division, served as sole lead arranger on $211 million in financing for the 200-megawatt Oak Solar power plant in Gaston, North Carolina. SunEnergy1 LLC, based in Mooresville, North Carolina...
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First Citizens Bank announced that its Energy Finance group, part of the CIT division, served as the Coordinating Lead Arranger on a $70.4 million construction and term loan financing facility for two standalone battery energy storage projects in...
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First Solar announced that on June 30, 2023, it entered into a five-year revolving credit and guarantee facility for $1 billion. The facility includes up to $250 million which is available for the issuance of letters of credit. J.P. Morgan Chase Bank...
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Epsilon Energy closed a new senior secured reserve-based revolving credit facility with Frost Bank as the issuing bank and sole lender. The new Credit Facility will replace the Company’s previous credit facility.Highlights of the Credit Facility...
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Intersect Power closed an up to $800 million new revolving corporate credit facility to support its continued organizational growth and expansion of its clean energy platform. Partnering with Coordinating Lead Arrangers and Joint Bookrunners...
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Stabilis Solutions, a leading provider of clean energy production, storage, and delivery solutions, successfully arranged a new, $10 million secured revolving credit facility with Cadence Bank. The Facility, which matures in June 2026, includes a $5...
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Spearmint Energy, a next-generation renewable energy company enabling the clean energy revolution through battery energy storage, closed a $200 million credit facility with Aiga Capital Partners (“Aiga”), an investment management firm providing...
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ARM Energy Services, a private energy marketing firm and one of the leading North American physical natural gas marketers, entered into a $110 million senior secured revolving credit facility with Rabobank as administrative agent, book runner and...
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Pineapple Energy, a leading provider of solar power, battery storage systems, and smart energy control to households and small businesses, closed a $7.5 million debt deal with Decathlon Capital Partners.The transaction, which carries a 48-month term...
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Natixis Corporate & Investment Banking (Natixis CIB) closed a US$364 million financing for a portfolio of a solar photovoltaic utility-scale and PMGD plants in Chile, owned and operated by Solek Holding SE (Solek) (the "Sponsor"). The portfolio has a...
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FirstLight Power (FirstLight), a leading clean power producer, developer, and energy storage company serving North America, completed the expansion of its corporate credit facility led by Royal Bank of Canada, The Toronto-Dominion Bank and Export...
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Kolibri Global Energy announced that its indirect wholly owned subsidiary BNK Petroleum (US) Inc. (“BNK US”) has obtained an increase in its borrowing base from $25 million to $40 million on its revolving line of credit from BOK Financial. The...
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Flux Power Holdings, a developer of advanced lithium-ion energy storage solutions for electrification of commercial and industrial equipment, has renewed the available credit under its existing facility with Silicon Valley Bank, a division of First...
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Capital One made a $90 million tax equity investment in the 120 megawatt (MW) Jackpot Solar project, which, upon completion, is expected to be the largest solar facility in Idaho. The sponsor, Duke Energy Renewables, is a leading U.S. developer of...
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Canes Midstream, a Dallas-based midstream company, entered into an amendment to its credit facility, converting the existing two-part facility, revolver and term loan, into a single revolver, increasing its size to $415 million, and extending its...
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OYA Renewables ("OYA"), a leading energy transition solutions platform, secured backing from City National Bank (CNB), a wholly-owned US subsidiary of Royal Bank of Canada – with a US$27.1 million long-term loan facility. In addition to this, OYA...
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Excelerate Energy entered into an amended and restated senior secured credit agreement. Wells Fargo Bank is acting as administrative agent. Wells Fargo Securities along with Sumitomo Mitsui Banking Corporation, DNB Markets and Credit Agricole...
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Scale Microgrids (“Scale”) recently closed a first of its kind non-recourse project finance debt facility to fund the construction and operations of a portfolio of microgrids, combined heat and power (CHP) systems, community solar, rooftop solar...
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Origis Energy, one of America’s leading renewable energy platforms, closed an upsizing amendment to their development finance facility doubling capacity to $750 million. With enhanced flexibility and increased capacity, the credit facility will...
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Heelstone Renewable Energy closed on a $175 million credit facility with BlackRock Alternatives (“BlackRock”), through a fund managed by its Infrastructure Debt business, to fund the initial construction and development of utility-scale solar and...
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North Hudson Resource Partners, a Houston-based energy investment firm, launched of its inaugural credit fund, North Hudson Energy Credit Partners LP (“NH Energy Credit”). NH Energy Credit seeks to deploy $275 million of capital to support...
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February 06, 2023, 07:47 AM
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Amerisource Business Capital closed and funded a $1,000,000 bridge loan facility for a Texas-based renewable energy services firm. The proceeds were used to support the company’s growth and working capital needs. Allison Billings, Regional Market...
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January 09, 2023, 07:50 AM
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Clean Energy Fuels Corp., the largest provider of the cleanest fuel for the transportation market, entered into a four-year $150 million sustainability-linked senior secured term loan with Riverstone Credit Partners L.P., a dedicated credit...
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December 28, 2022, 07:53 AM
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Primergy Solar, a leading developer, owner and operator of utility-scale solar, distributed solar and energy storage, announced the closing with Rabobank of a $75 million revolving credit facility with the option to increase up to $200 million. The...
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December 28, 2022, 07:20 AM
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Altus Power closed on a revolving credit facility which provides the company with up to $200 million in financing to support its growth of assets and ability to serve additional customers with solar energy generation, storage and vehicle charging....
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December 21, 2022, 07:03 AM
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Eclipse Business Capital provided a $100 million senior secured revolving credit facility to BJ Energy Solutions.The credit facility is secured by accounts receivable and real estate. The transaction was used to refinance outstanding debt and to fund...
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December 13, 2022, 07:55 AM
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CIT, a division of First Citizens Bank, announced that its Power and Energy business served as co-coordinating lead arranger on an $85 million construction-to-term debt financing for NineDot Energy LLC ("NineDot Energy"), a leading developer of...
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December 08, 2022, 07:57 AM
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Alvarez & Marsal (A&M) issued its 2022 / 2023 Energy Compensation Report which analyzes executive and board of directors compensation arrangements at the largest US exploration & productions (E&P), oilfield services (OFS) and clean energy (Clean...
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December 07, 2022, 07:27 AM
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Greenbacker Renewable Energy Company, a leading climate-focused investment manager and independent power producer, completed the closing of a new $150.0 million senior secured sustainability revolving credit facility. The closing of the credit...
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November 30, 2022, 07:43 AM
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CIT, a division of First Citizens Bank, announced that its Power and Energy business served as lead arranger on $419 million in financing for acquisition of the Broad River power generation facility in Gaffney, South Carolina. Onward Energy Inc. is...
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November 18, 2022, 07:43 AM
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CIT, a division of First Citizens Bank,vannounced that its Power and Energy business served as coordinating lead arranger of construction financing for a major new solar energy project in Texas. Avantus (formerly 8minute) is the developer of...
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November 03, 2022, 07:50 AM
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Sound Point Capital Management and LBC Credit Management provided a $180 million senior secured credit facility to Greenbelt Capital Partners to support the acquisition of Unirac, Inc. LBC served as Agent and Lead Arranger for the senior secured...
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October 20, 2022, 07:14 AM
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Haynes and Boone's fall 2022 Borrowing Base Redeterminations Survey, released Oct. 17, 2022 reflects a sense of caution in the energy industry, with many respondents expecting producers’ borrowing capacity to remain relatively flat. The survey’s...
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October 18, 2022, 07:07 AM
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Nexus Renewables, a North American renewable developer having more than 1 GW of solar and energy storage projects under development, has closed a $5 million USD asset-backed credit facility with Scale Microgrid Solutions ("Scale"), a Warburg Pincus...
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September 22, 2022, 07:00 AM
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Greenbacker Renewable Energy Company entered into a senior credit agreement of $186.2 million with KeyBank and Fifth Third Bank. KeyBank served as administrative agent for the lenders, and KeyBanc Capital Markets and Fifth Third Bank served as joint...
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September 16, 2022, 07:30 AM
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Garrington Capital closed a $7.4 million senior secured term loan to Plum Investments, LLC (Plum). The funds will be used to complete Plum’s planned restructuring and consolidation of six existing entities under the Plum Companies umbrella.Founded in...
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August 30, 2022, 07:35 AM
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CIT, a division of First Citizens Bank, announced that its Power and Energy business arranged $88 million in financing for a 173-megawatt stand-alone merchant battery storage facility in Texas. The borrower, Wolf Tank Storage, is an affiliate of Aypa...
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Birch Creek Development and Fundamental Renewables, an established provider of debt financing for renewable energy projects, announced an agreement in which Fundamental Renewables will increase its existing credit facility with Birch Creek to $250...
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Helix Energy Solutions Group completed the previously announced acquisition of all of the equity interests of the Alliance group of companies expanding its decommissioning presence in the Gulf of Mexico shelf and advancing Helix’s environmental...
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Producers Midstream II, LLC, a Dallas-based portfolio company of Tailwater Capital focused on providing a full suite of turnkey midstream solutions to producers across the U.S., secured a new syndicated credit facility led by Texas Capital Bancshares...
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Kolibri Global Energy announced that its indirect wholly owned subsidiary BNK Petroleum (US) Inc. (“BNK US”) has entered into a new US$75 million revolving line of credit from BOK Financial (“BOKF”) with an initial commitment amount of...
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CIT, a division of First Citizens Bank, announced that its Power and Energy business served as coordinating lead arranger on $714 million in financing for a portfolio of thermal generation assets in California. The proceeds were used to refinance a 1...
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Cypress Creek Renewables and Investec closed a $125 million debt facility to further fund the growth of Cypress Creek's solar and storage pipeline. The facility is the second of its kind that Cypress Creek and Investec have closed together.Investec...
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Origis Energy, one of America’s leading renewable energy platforms, closed a $375 million credit facility for its solar and energy storage development project pipeline. This innovative facility for the renewable energy industry bundles Letter of...
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Greenbacker Renewable Energy Company, a leading owner and operator of sustainable infrastructure and energy efficiency projects, entered into a senior credit agreement of $76.3 million with joint lead arrangers Fifth Third Bank and PNC Capital...
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Excelerate Energy announced that the Company and Excelerate Energy Limited Partnership (the "Borrower") have entered into a senior secured revolving credit facility. The Facility enables the Borrower to borrow up to $350 million over a three-year...
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On March 31, 2022, Eneti, Inc. signed its previously announced five year $175.0 million multicurrency credit facility (the “Credit Facility”) from DNB Capital LLC, Societe Generale, Citibank, Credit Agricole Corporate and Investment Bank and Credit...
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Scout Clean Energy, a Colorado based renewable energy developer, owner, and operator, closed a $250 million revolving corporate credit facility. The facility will primarily be used to fund pre-construction development and equipment expenses, PPA...
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Ameresco, a leading energy efficiency and renewable energy company, entered into an amendment and restatement to the company’s current senior secured credit facility with a group of lenders led by Bank of America. This amendment and restatement...
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Apollo launched a comprehensive sustainable investing platform focused on financing and investing in the energy transition and decarbonization of industry. Across asset classes, Apollo targets deploying $50 billion in clean energy and climate capital...
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February 25, 2022, 08:00 AM
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CIT, a division of First Citizens Bank, announced that its Power and Energy business served as coordinating lead arranger on a $71.4 million in financing for a portfolio of solar projects.The borrower, Arches Solar LLC, a subsidiary of CleanCapital...
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February 18, 2022, 07:42 AM
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CIT, a division of First Citizens Bank, announced that its Power and Energy business served as lead arranger of $50.5 million in financing for construction of Amp's NY3 assets, a planned portfolio of new community solar installations in New York...
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January 20, 2022, 07:40 AM
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Kiwetinohk Energy announced a 40 percent increase to its Senior Secured Extendible Revolving Facility. Kiwetinohk’s existing lenders, Bank of Montreal as agent and co-leads ATB Financial and National Bank of Canada, have completed their semi-annual...
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December 14, 2021, 07:42 AM
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KKR announced the launch of Stellar Renewable Power (“Stellar”), a new platform that will source, develop and operate utility-scale solar plants and storage facilities on behalf of KKR’s Asset-Based Finance (ABF) strategy. Stellar will source...
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December 10, 2021, 07:29 AM
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USA Compression Partners entered into the Seventh Amended and Restated Credit Agreement effective December 8, 2021, extending the maturity of its senior secured credit facility until December 2026. The credit facility is led by J.P. Morgan and...
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December 09, 2021, 07:56 AM
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Diversified Energy Company announced that the Company's bank lending group, led by KeyBank, completed its semi-annual redetermination of the Company's senior secured credit facility. The Bank Group approved an $825 million borrowing base...
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December 08, 2021, 07:30 AM
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CIT Group's Power and Energy business led the refinancing of a $69 million portfolio of solar facilities owned and operated by Strata Clean Energy LLC, a leading integrated solar and storage energy service provider based in North Carolina. The...
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December 03, 2021, 07:45 AM
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BMO Financial Group, acting as lead co-sustainability structuring agent in a syndicate of eight Canadian and U.S. banks, has announced a financing deal with Boralex, a leading Quebec-based international renewable energy producer. An amendment to an...
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December 03, 2021, 07:42 AM
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Talen Energy Corporation ("Talen") and its wholly-owned subsidiary Talen Energy Supply LLC ("TES") announced that TES has obtained a financing commitment led by GoldenTree Asset Management LP and Silver Point Finance, LLC for a new first lien...
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December 03, 2021, 07:22 AM
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CIT Group announced that its Power and Energy business served as coordinating lead arranger on nearly $210 million in financing for a solar project in Brazoria County, Texas.Located in the Greater Houston power market Brazoria West Solar Project is a...
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November 30, 2021, 07:49 AM
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SMBC, a member of SMBC Group, closed the refinancing of a $1.25 billion revolving credit facility for Cheniere Energy, Inc., the largest liquefied natural gas (LNG) provider in the U.S. SMBC acted as the sole ESG Coordinator and a Joint Lead Arranger...
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November 19, 2021, 07:14 AM
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Bioenergy Devco ("BDC"), the leading global developer of anaerobic digestion ("AD") facilities that transform organic waste into renewable energy and healthy soil products, secured $100 million in financing from funds managed by Irradiant Partners...
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November 11, 2021, 07:00 AM
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Summit Midstream Partners announced that Summit Midstream Holdings, LLC, a Delaware limited liability company, and Summit Midstream Finance Corp., a Delaware corporation, which are subsidiaries of the Partnership, closed a private offering of...
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November 03, 2021, 07:21 AM
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CIT Group announced that its Power and Energy business served as sole lead arranger for $67.8 million in financing for construction of the new AMP NY2 community solar and storage portfolio. CIT led the financing on behalf of Amp Energy, which is...
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November 01, 2021, 08:02 AM
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Creative Energy Developments, a leading owner and operator of district energy systems in North America, closed a $53 million credit facility, which includes the refinancing of $28 million of existing debt and a new $22 million green loan facility...
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October 14, 2021, 07:38 AM
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Urban Grid, one of the largest U.S. greenfield renewable energy project developers, expanded and extended its partnership with Crayhill Capital Management, a New York-based, minority-owned private credit manager focused on asset-based investments in...
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October 12, 2021, 07:47 AM
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Orion Engineered Carbons, a leading global supplier of specialty and high-performance carbon black, announced the successful issuance of a $650 million-equivalent 7-year sustainability-linked Term Loan B, across Euros and U.S. Dollars. With this...
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October 07, 2021, 07:00 AM
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Renewable Energy Group extended and increased its line of credit with Wells Fargo Capital Finance, Fifth Third Bank, and Bank of America to a maximum of $250 million. This is a five-year extension through September 2026 of the company’s existing line...
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October 05, 2021, 07:39 AM
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Santander Bank announced that its Corporate & Investment Banking division (“Santander CIB”) has acted as financial advisor, joint lead arranger, administrative agent and green loan coordinator for the financing of Vineyard Wind 1, the first...
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September 16, 2021, 07:55 AM
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Natixis closed two separate financings in support of the Project Slate, a solar plus storage project being constructed in Kings County, California. Project Slate is owned by Goldman Sachs Renewable Power ("GSRP"), an investment company managed by the...
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August 23, 2021, 07:39 AM
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Diversified Energy Company announced its lenders, led by KeyBank, have completed an amendment to the Company's senior secured credit facility highlighted by an increase to the borrowing base to $625 million and inclusive of a maturity extension and...
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August 19, 2021, 07:35 AM
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Hemisphere Energy Corporation entered into a new extendible two year committed term facility with ATB Financial, providing for borrowings of up to $35,000,000. As part of entering into the Credit Facility, the Company has fully repaid and terminated...
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Soltage, a leading independent renewable power producer, and Silicon Valley Bank announced that it raised a $130 million debt facility led by Silicon Valley Bank. The investment will finance a 110 MW national portfolio of projects across six states:...
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CIT Group's Power and Energy business served as lead arranger for $68.4 million in financing for the acquisition of Crane Solar, a 150-megawatt solar farm located in Crane County, Texas, and an adjacent 25-megawatt battery development.Starwood Energy...
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CIT Group's Power and Energy business served as coordinating lead arranger for approximately $200 million in financing for the 149-megawatt Big River solar power project in White County, Illinois. The project sponsor is D. E. Shaw Renewable...
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Lakeview Energy closed a multi-draw, senior secured debt facility with Orion Energy Partners, L.P. to fund process upgrades at its existing 55 million gallon per year biorefinery in Coshocton, Ohio (the “Plant”). The capital investment will provide...
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CIT Group's Power and Energy business served as coordinating lead arranger on a $84 million financing for a new 140-megawatt solar farm in Fort Bend County, Texas.Cutlass Solar is a utility-scale project to be built about 40 miles southwest of...
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Summit Midstream Partners' wholly-owned, indirect subsidiary, Summit Permian Transmission, LLC, closed on its previously announced $175 million of senior secured credit facilities which will be used to finance the development of the Double E Pipeline...
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Nexamp closed a $440 million senior secured credit facility for a 380-megawatt portfolio of solar and energy storage assets, the largest debt financing of its kind. The diverse portfolio spans five state markets and consists of nearly 100 community...
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CIT Group announced that its Power and Energy business served as a co-lead arranger on a $93.3 million financing for a portfolio of six battery energy storage systems located in Texas. The battery energy storage systems (BESS) are owned by Key...
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February 12, 2021, 07:15 AM
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NGL Energy Partners closed on $2.05 billion of newly issued 7.5% senior secured notes due 2026 and a new $500 million asset-based revolving credit facility which also matures in 2026. The proceeds from the 2026 Secured Notes and borrowings under the...
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February 05, 2021, 08:15 AM
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CIT Group announced that its Power and Energy business led a $69 million financing for a portfolio of solar facilities owned and operated by Strata Solar LLC, a leading integrated solar and storage energy service provider based in North...
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January 14, 2021, 06:50 AM
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Peabody Energy has entered into a transaction support agreement with 100 percent of its revolving lenders and letter of credit issuers and approximately 65 percent of its 6.000% senior secured notes due 2022 that contemplates a comprehensive...
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December 29, 2020, 07:23 AM
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Accenture has made a strategic investment, through Accenture Ventures, and formed a strategic alliance with Reactive Technologies, a London-based provider of power and grid technology, to help utilities accelerate the transition to low-carbon...
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December 28, 2020, 09:15 AM
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Sunpin Solar, a leading developer of commercial and utility-scale solar and energy storage projects, announced that it has closed a senior secured revolving loan facility (the “Facility”) for up to $50 million with Crayhill Capital Management LP...
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December 23, 2020, 08:55 AM
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After securing a $225 million letter of credit and revolving credit facility earlier this year, 8minute Solar Energy (8minute) has significantly upsized that facility to a total of $350 million with support from new lenders. The additional $125...
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December 22, 2020, 07:00 AM
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CIT Group announced that its Power and Energy business served as coordinating lead arranger on a $323 million refinancing of the Coso Geothermal power facility in Southern California.Originally developed in 1987, the 142-megawatt Coso Geothermal...
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December 15, 2020, 08:10 AM
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Santander Bank announced that its Commercial Banking division closed a $100 million credit facility on behalf of Holtec International (Holtec), a privately held energy technology company. Holtec specializes in providing technology and services for a...
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December 09, 2020, 08:00 AM
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Mercuria Energy Group Ltd., the global energy and commodities group, announced the successful signing of credit facilities in the amount of $720 million that was joined by a group of 22 banks.The Facilities were arranged by Bank of China Limited...
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November 25, 2020, 08:00 AM
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Tech Capital, the asset-based finance company and wholly owned subsidiary of Tech CU, announced it has provided a $10 million asset-based revolving line of credit to Taronis Fuels, Inc., a publicly traded company based in Peoria, Arizona and a global...
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November 19, 2020, 08:10 AM
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Gulfport Energy Corporation announced that the United States Bankruptcy Court for the Southern District of Texas (the “Court”) granted approval of all Gulfport’s “first day” motions, authorizing, among other things, Gulfport to continue paying...
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November 18, 2020, 08:00 AM
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CIT Group announced that its Power and Energy business served as coordinating lead arranger on a $151 million financing for the 250-megawatt Galloway I solar farm planned for Concho County, Texas.The financing was arranged on behalf of Skyline...
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October 30, 2020, 08:10 AM
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Santander Bank's Commercial Banking division provided a $50 million revolving loan to DB Energy Assets, LLC (“DBE”) to support the expansion of its portfolio through the acquisition of an additional operating energy facility in Delaware. The revolver...
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October 30, 2020, 08:06 AM
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Chaparral Energy announced that it successfully completed its financial restructuring and emerged from Chapter 11 as a private, non-SEC filing company. Through the efficient execution of its pre-packaged plan of reorganization, which received broad...
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October 15, 2020, 08:00 AM
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CIT Group Inc. announced its Power and Energy business was named Renewable Energy Lead Arranger of the Year by Power Finance & Risk, a top publication covering the energy project finance industry.CIT’s Power and Energy business was selected by the...
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September 09, 2020, 09:05 AM
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CIT Group announced that its Power and Energy business served as coordinating lead arranger on a $266 million financing for Longroad Energy’s 331-megawatt Prospero 2 solar project in Andrews County, Texas.A leader in renewable energy project...
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August 27, 2020, 08:00 AM
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FTS International announced that it has entered into a restructuring support agreement (the “Agreement”) with approximately 75 percent of the holders of the Company’s 6.250% senior secured notes due 2022 (the “Secured Notes”) and approximately 64...
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August 25, 2020, 09:00 AM
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CIT Group Inc. announced its Power and Energy unit served as sole lead arranger on a $162 million financing for the East Blackland Solar Project in Travis County, TX.The financing was arranged on behalf of Recurrent Energy LLC, a wholly owned...
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August 19, 2020, 09:00 AM
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CIT Group Inc. announced its Power and Energy business served as lead arranger for approximately $185 million in financing for a 66-megawatt portfolio of community solar projects.The financing was arranged on behalf of Clearway Energy Group, one of...
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August 11, 2020, 08:45 AM
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Rosehill Resources Inc. and Rosehill Operating Company, LLC announced that they have commenced voluntary Chapter 11 cases under the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, pursuant to the terms...
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CIT Group Inc. announced that its Power and Energy unit served as lead arranger on a $126 million financing for the 108-megawatt (MW) direct current Trent River Solar project in Pollocksville, NC.The financing was arranged on behalf of solar project...
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CIT Group Inc. announced that its Power and Energy business served as lead arranger on a $118.5 million financing for the utility-scale Harts Mill Solar project in Edgecombe County, North Carolina.The project is owned by Kayne Anderson Capital...
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Hilco Redevelopment Partners (HRP) – the real estate development unit of Hilco Global that remediates and redevelops complex and obsolete industrial property – today announced that it completed a transaction to purchase the 1300-acre former...
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CIT Group Inc. announced that its Power and Energy unit served as sole lead arranger on an $85 million financing for the 80-megawatt Pioneer Solar project near Denver, Colorado.The financing was arranged on behalf of project sponsor Idemitsu...
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The U.S. high yield default rate is poised to reach 5% in June for the first time since July 2016, up from 4.6% at May 31 driven by energy defaults, according to a new Fitch Ratings report."Default volume tallied a heavy $32.7 billion over the past...
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Calpine Corporation (“Calpine”), one of the nation’s leading producers of renewable geothermal energy, announced the closing of a $1.1 billion Climate Bonds Certified financing for its wholly-owned subsidiary, Geysers Power Company, LLC (“GPC”).The...
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NGL Energy Partners LP announced that it has entered into a new $250 million term loan facility with certain funds and accounts managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries...
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CIT Group Inc. announced its Power and Energy business served as sole coordinating lead arranger for a $225 million letter of credit facility on behalf of 8minute Solar Energy, a developer of renewable energy projects nationwide.8minute intends to...
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Ares Management Corporation (Ares), through funds managed by its Infrastructure and Power strategy and IGS Ventures announced the completion of a $150 million capital raise for IGS Resi Solar III, LLC (“Solar III”). Solar III constitutes the...
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CIT Group Inc. announced its Power and Energy unit served as lead arranger on a $217 million financing for the 200-megawatt Hillcrest solar photovoltaic project in Brown County, Ohio.The financing was arranged on behalf of Innergex Renewable Energy...
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The lasting impact of the COVID-19 pandemic on the U.S. coal sector became clearer last week, with declining demand and potential contract disputes for the broader mining community on the horizon, according to a briefing paper published by S&P Global...
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Scatec Solar has signed new and expanded credit facilities with a bank consortium consisting of BNP Paribas, Nordea Bank and Swedbank. Scatec Solar has refinanced its current Revolving Credit Facility (RCF) and established a new USD 90 million ESG...
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Atlas Corp. announced the closing of its $285 million senior secured financing on behalf of its wholly owned subsidiary, APR Energy Ltd., a global leader in fast-track mobile power solutions. The financing program consists of pari passu senior...
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PosiGen announced a new debt facility originated by the Ares Infrastructure and Power team and provided by Ares-managed funds and accounts. Along with the Connecticut Green Bank, the combined $100-million facility will increase PosiGen's ability to...
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Soltage LLC, a leading independent power producer, announced that it raised a $142M senior construction-to-term credit facility with Fifth Third Bank, National Association. The investment will fund a 110 megawatt (MW) solar portfolio of distributed...
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CIT Group Inc. announced its Power and Energy business served as lead arranger for a $140 million financing for esVolta, a leading developer of utility-scale energy storage systems for renewable energy projects.The portfolio consists of more than 136...
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February 25, 2020, 09:05 AM
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AES Distributed Energy (AES DE), a subsidiary of The AES Corporation (AES) and a leader in energy generation through solar PV and solar PV + battery energy storage systems (BESS), today announced that it has entered into a $341 million debt agreement...
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February 21, 2020, 09:00 AM
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CIT Group Inc. announced its Power and Energy unit served as sole lead arranger on a $42.8 million in debt financing to support NY Solar Farms, a 70-megawatt community solar portfolio located in central and northeastern New York State.The solar...
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January 28, 2020, 08:55 AM
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Santander Bank announced that its Commercial Banking division closed a $75 million asset-based revolving credit facility on behalf of Wind Turbine & Energy Cables Corporation (WTEC). Santander acted as administrative agent, sole lead arranger and...
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January 23, 2020, 09:05 AM
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CIT Group Inc. announced that its Power and Energy unit arranged approximately $200 million in financing for a 76-megawatt portfolio of community solar projects in four states.The financing was arranged on behalf of Clearway Energy Group, one of the...
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January 22, 2020, 08:30 AM
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Sunnova Energy International Inc. announced that it has closed an aggregate $150 million in financing through an approximately $95 million revolving asset-based loan facility and a private placement of $55 million aggregate principal amount of...
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January 02, 2020, 08:40 AM
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Covia, a leading provider of mineral-based material solutions for the Industrial and Energy markets, announced a series of actions that are expected to improve its financial flexibility:
$85 Million Committed Standby Credit Facility - The Company...
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December 31, 2019, 08:45 AM
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Norsk Hydro ASA signed a $1.6 billion revolving multi-currency credit facility with the margin linked to Hydro’s greenhouse gas emission target. The facility, which is available for general corporate purposes, carries a five-year tenor with two...
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December 30, 2019, 08:00 AM
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Maxim Power Corp. announced today that it, and certain of its subsidiaries, entered into a credit agreement with ATB Financial ("ATB") for a thirty-five month term that provides for senior debt financing of up to $44 million to support financing...
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December 27, 2019, 08:00 AM
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Vivint Solar announced it closed a $200 million revolving asset-based loan facility. The lenders include affiliates of Bank of America Securities and Credit Suisse.The facility will help fund the company's continued growth in 2020 and beyond by...
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December 19, 2019, 08:00 AM
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Chesapeake Energy Corporation announced that it has engaged JPMorgan Chase Bank, N.A., Morgan Stanley Bank, N.A., Bank of America, N.A. and MUFG Bank, N.A. to assist with the arrangement of a secured first lien last out 4.5-year term loan facility in...
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December 05, 2019, 08:45 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $30 million senior secured credit facility to a company that produces coal for blast-furnace steel production. The facility consists of a revolving line of credit based on accounts...
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December 04, 2019, 08:45 AM
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EP Energy Corporation, which filed voluntary petitions for Chapter 11 on Oct. 3 in the United States Bankruptcy Court for the Southern District of Texas, has entered into a Senior Secured Superpriority Debtor-In-Possession Credit Agreement with...
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December 02, 2019, 08:55 AM
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Southwest Iowa Renewable Energy, LLC announced the recent expansion of its credit facility and a repurchase of membership units.As previously reported, effective November 8, 2019, the Company entered into amendments to its credit facility with Farm...
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November 25, 2019, 08:45 AM
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Earthstone Energy, Inc. announced it entered into a new credit agreement with respect to its senior secured revolving credit facility. The New Credit Facility has a maturity date of November 21, 2024 with a maximum credit amount of $1.5 billion and...
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November 22, 2019, 08:45 AM
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Ferrellgas, L.P., the operating partnership of Ferrellgas Partners, L.P. (FGP) announced that it reached an agreement with TPG Specialty Lending, Inc., the administrative agent under its senior secured credit facility regarding alleged events of...
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November 12, 2019, 08:45 AM
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Alvopetro Energy Ltd. announced that it entered into a $15 million Credit Agreement with Cordiant Capital Inc. and its affiliates.The Facility is secured by all of Alvopetro's assets, matures three years from the first funding date (the "First...
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September 23, 2019, 08:55 AM
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MMA Capital Holdings, Inc. announced that its indirect wholly-owned subsidiary, MMA Energy Holdings, LLC ("MEH"), entered into a secured revolving credit facility with the lenders party thereto and East West Bank (EWB), as administrative and...
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September 23, 2019, 08:45 AM
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Peabody announced that it successfully completed an upsizing of its revolving credit facility with additional commitments of $215 million (aggregate facility size of $565 million) and extended the maturity date for $540 million of the facility to...
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September 18, 2019, 08:00 AM
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CIT Group Inc. (NYSE: CIT) announced its Power and Energy business served as coordinating lead arranger for $140 million in debt financing to support construction of the Lotus Solar Farm, a 67-megawatt solar project in Madera, California. Concurrent...
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September 11, 2019, 08:55 AM
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White Oak Global Advisors, LLC (“White Oak”) is pleased to announce the California Statewide Communities Development Authority (“CSCDA”) has named White Oak as a commercial PACE Program Administrator for the CSCDA’s Open PACE Program. As a Program...
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September 05, 2019, 08:50 AM
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U.S. natural gas producer hedge positions should help mitigate cash flow risk and support credit profiles as Henry Hub spot prices languish but some exploration and production (E&P) companies may need to adjust capital allocation and make capital...
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August 30, 2019, 08:30 AM
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After weathering the financial impact of a federal tax overhaul in 2018, Moody's expects North American regulated electric and gas utilities to see a reduction in external financing needs despite ramping up capital spending."The North American...
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August 20, 2019, 08:55 AM
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Vivint Solar, Inc. announced it has closed a $325 million revolving warehouse facility, which refinanced the aggregation credit facility that was set to mature in 2020. The new warehouse reduces the cost of debt by 87.5 basis points and materially...
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August 08, 2019, 08:45 AM
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GridLiance, an independent electric transmission company, announced that its subsidiary, GridLiance Western Holdings, and transmission company, GridLiance West, closed on two new revolving credit facilities with commitments totaling $185 million. The...
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August 02, 2019, 08:30 AM
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PES Energy Inc. and its subsidiaries (including its principal operating subsidiary, Philadelphia Energy Solutions Refining and Marketing LLC) (together, the “Company”) announced today that they had filed for bankruptcy protection under Chapter 11 of...
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CleanCapital announced its largest acquisition to date, a 75.2 megawatt solar portfolio made up of 15 operating solar projects in New Jersey. This is the fourth in a series of acquisitions made through CleanCapital's $250 million investment vehicle...
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The energy sector will lead U.S. high yield default volume for the third consecutive month following Weatherford International Public Ltd's bankruptcy, according to the latest High Yield Default Insight report from Fitch Ratings.The July trailing...
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Polar Power, Inc., a global provider of prime, backup and solar hybrid DC power solutions, entered into a Supplier Agreement, dated effective June 4, 2019, with Citibank, N.A., to further enhance its working capital structure. On June 10, 2019, the...
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CIT Group Inc. announced that its Power & Energy business served as the coordinating lead arranger on a $416 million debt financing supporting Longroad Energy’s 379-megawatt Prospero solar facility to be built in Andrews County, Texas.Founded in 2016...
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Cloud Peak Energy Inc., the only pure-play Powder River Basin (PRB) coal company, announced today that it has filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of...
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Calpine Corporation amended its revolving credit facility to increase the capacity by approximately $330 million from approximately $1.69 billion to approximately $2.02 billion, and entered into a new seven-year $950 million first lien senior secured...
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V3 Commodities Group Holdings, LLC (V3) announced it has closed a $5,000,000 first lien credit and commodity supply facility with Greenlight Energy Corporation, a retail energy provider serving natural gas and electricity markets in Maryland, New...
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CIT Group Inc. announced that it has completed a third round of financing for an innovative battery-based energy storage project that helps facilitate greater use of renewable energy in Southern California.This latest round of financing for Macquarie...
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Martin Energy Group announced a strategic capital partnership with private equity firm Orion Energy Partners, L.P. to accelerate the growth of its distributed generation platform focused on owning combined heat and power assets that provide more...
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Veritas Financial Partners (Veritas), a specialty finance company, recently announced the closing of a $9 million credit facility for Integrated Equipment, Inc. (Integrated). Integrated designs, manufactures, distributes and services equipment for...
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February 21, 2019, 07:11 AM
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LBC Credit Partners announced an increase in the Albireo Energy credit facility to support the acquisition of EMS Technologies (EMS). The purchase of EMS is the 10th add-on acquisition for the Albireo Energy platform since it was launched by Huron...
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February 15, 2019, 07:24 AM
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PG&E Corporation and its primary operating subsidiary, Pacific Gas and Electric Company filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Northern District of California.
Throughout...
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January 30, 2019, 09:20 AM
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PosiGen, the nation's leading provider of renewable energy and efficiency solutions for low-to-moderate income households, announced a credit facility structured and provided by LibreMax Capital, a New York based asset management firm, in conjunction...
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January 30, 2019, 08:00 AM
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SSG Capital Advisors, LLC (SSG) acted as the investment banker to Francis' Drilling Fluids, Ltd., d/b/a FDF Energy Services in the sale of substantially all of its assets to an affiliate of Prophet Equity (Prophet). The sale was effectuated through a...
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January 29, 2019, 07:20 AM
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PG&E Corp., which is slated to file Chapter 11 on Jan. 29, announced that it entered into a commitment letter for debtor-in-possession financing with JPMorgan Chase Bank, N.A, Bank of America, N.A., Barclays Bank PLC and Citigroup Global Markets Inc....
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January 23, 2019, 07:33 AM
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In what commentators are saying would be one of the biggest Chapter 11 filings in U.S. history, energy giant Pacific Gas & Electric (PG&E) announced its intent to file petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code on or about...
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January 16, 2019, 08:00 AM
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Macquarie Capital, the corporate advisory, capital markets and principal investing arm of Macquarie Group ("Macquarie") announced the closing of a $100 million debt financing of an innovative battery-based energy storage project in Southern...
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December 21, 2018, 08:15 AM
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The EnLink Midstream companies (EnLink), EnLink Midstream, LLC (ENLC), the General Partner, and EnLink Midstream Partners, LP (ENLK), the Master Limited Partnership, announced that ENLK has entered into an $850 million, three-year unsecured term...
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December 13, 2018, 08:00 AM
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LBC Credit Partners (LBC) a provider of financing solutions to middle market companies, provided senior secured credit facilities to Albireo Energy, a Huron Capital controlled company, to support the refinancing of Albireo Energy and the add-on...
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December 11, 2018, 07:10 AM
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EnerSys announced that it has completed its acquisition of the Alpha Technologies Group of companies . The acquisition of the Alpha Group will accelerate and advance EnerSys’ competitive position and enable it to deliver an expanded product portfolio...
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December 10, 2018, 08:11 AM
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Laredo Energy VI, LP announced that it closed a $200 million Senior Secured Delayed Draw Term Loan Facility maturing on November 18, 2021.
Laredo used the proceeds from the Term Loan to pay down all borrowings under the Company’s revolving credit...
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November 30, 2018, 08:00 AM
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Contura Energy, Inc., a U.S. coal supplier, announced the successful closing of its previously announced business combination with ANR, Inc. and Alpha Natural Resources Holdings, Inc. In conjunction with the transaction closing, Contura common shares...
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November 13, 2018, 07:24 AM
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Aegean Marine Petroleum Network Inc. announced that the Company and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the US Bankruptcy Code in the Bankruptcy Court for the Southern District of New York. The debtors...
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November 07, 2018, 08:12 AM
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Gastar Exploration Inc. announced that it has entered into a restructuring support agreement with the Company's largest (and only) funded-debt creditors and largest common shareholders, certain funds affiliated with Ares Management LLC. Subject to...
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October 29, 2018, 07:14 AM
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PACE Funding Group LLC, a California-based specialty finance company, announced that it has completed a $65 million securitization of residential Property Assessed Clean Energy (PACE) assets. The “Green Bond” transaction represents the second...
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October 26, 2018, 07:06 AM
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KLX Energy Services Holdings, Inc. entered into a Unit Purchase Agreement by and among the Company, KLX Energy Services LLC, a wholly-owned subsidiary of the Company, agreed to acquire 100% of the outstanding units of Motley Services, LLC (Motley)...
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October 23, 2018, 07:05 AM
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Funds managed by affiliates of Apollo Global Management, LLC together with its consolidated subsidiaries, and GE Capital announced they have entered into a definitive agreement for the Apollo Funds to acquire an approximately $1 billion portfolio...
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October 09, 2018, 07:30 AM
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Northern Oil and Gas, Inc. announced that it has closed an agreement with Royal Bank of Canada, as administrative agent, and a syndicate of lenders under a new $750 million first lien revolving credit facility. RBC Capital Markets, ABN AMRO, Capital...
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October 08, 2018, 07:57 AM
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Diamond Offshore Drilling, Inc., as the U.S. borrower, and the Company’s wholly owned subsidiary, Diamond Foreign Asset Company, a Cayman Islands exempted company (DFAC), as the foreign borrower, entered into a senior 5-Year Revolving Credit...
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October 08, 2018, 07:08 AM
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Natixis announced that, together with Sumitomo Mitsui Banking Corporation (Sumitomo), it has co-led financing for the just-closed syndication of a $400 million senior secured facility for Prime Energía SpA (Prime Energía), an independent power...
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October 02, 2018, 07:09 AM
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Great American Capital Partners, LLC (GACP), a specialty finance company which originates and underwrites senior secured loans, announced it has entered into an agreement with Murray Energy Corp. to provide a $90 million senior secured FILO term loan...
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September 19, 2018, 08:12 AM
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Enterprise Products Partners L.P. announced that its operating subsidiary, Enterprise Products Operating LLC (EPO), has entered into a new 364-day revolving credit facility.
Citibank, N.A. served as as Administrative Agent of the facility, which...
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September 17, 2018, 07:08 AM
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Chesapeake Energy Corporation announced it has amended and restated its senior secured revolving credit facility agreement. The amended and restated facility received initial commitments from 15 institutions totaling $3.8 billion, which exceeded the...
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September 13, 2018, 07:17 AM
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Energy Impact Partners (EIP), a utility-backed energy investment and innovation firm, announced that it closed its fundraising efforts with up to $681 million to invest in cutting-edge energy technology companies. The EIP investment capital is...
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September 10, 2018, 07:00 AM
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Advanced Power announced that it has successfully closed a $1.3 billion financing for the construction of a fully permitted 1,182 MW combined-cycle natural gas electric generating facility located in Columbiana County, Ohio known as South Field...
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August 30, 2018, 07:17 AM
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Starwood Property Trust, Inc. announced that the company has entered into a definitive agreement to acquire GE Capital's Energy Financial Services' Project Finance Debt Business (Energy Project Finance Debt Business) and loan portfolio for $2.56...
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August 08, 2018, 08:00 AM
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SSG Capital Advisors, LLC (SSG) acted as the investment banker to Nighthawk Energy plc and its subsidiaries in the sale of substantially all of its assets to an affiliate of Morse Energy Capital Partners (Morse). The sale was effectuated through a...
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August 01, 2018, 07:11 AM
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Greenworks Lending, a commercial PACE (C-PACE) capital provider, and CollectiveSun™, the nation's only company dedicated exclusively to helping nonprofits and tax-exempt organizations fund solar projects, announced a partnership designed to break...
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Chiron Financial, LLC served as the exclusive investment banker to Genco Energy Services in an out of court restructuring and refinancing comprised of the placement of new debt facilities totaling $20.6 million including additional borrowing capacity...
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Innergex Renewable Energy Inc. announced the acquisition of a sizable 250MWAC/315 MWDC photovoltaic solar project located in Winkler county, TX, United States from Longroad Energy Partners, LLC. Full notice to proceed with construction was issued and...
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Avangrid, Inc., a sustainable energy company, announced that the Company has entered into its first syndicated sustainability-linked credit facility as the next step in its ongoing efforts to financially support projects geared to its commitment to...
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Citizens Bank announced that Citizens Commercial Banking led a new credit facility for SunCommon, Vermont’s largest provider of residential, community and commercial solar systems. The funds will fuel growth after SunCommon’s acquisition of Rhinebeck...
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Open Energy, a solar financing solutions provider, has launched the first lending exchange for commercial scale solar developers and installers. The Open Energy Finance Exchange gives developers access to more than $5 billion of U.S. solar...
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Generac Power Systems entered into a Second Amended and Restated Credit Agreement among the Borrower, Generac Holdings UK Limited, as U.K. Borrower, certain domestic subsidiaries of the Borrower, Generac Acquisition Corp., the lenders party thereto...
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EV Energy Partners, L.P. announced that it has successfully completed its financial restructuring and has emerged from Chapter 11 as a new corporation under the name Harvest Oil & Gas Corp. Through the restructuring, Harvest has eliminated...
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Frontera Energy Corporation announced the closing of a $100 million revolving letter of credit facility arranged by Itaú Corpbanca Colombia S.A., Citibank N.A., JPMorgan Chase Bank, N.A., HSBC Mexico, S.A., Institución de Banca Multiple, Grupo...
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Superior Plus Corp. announced that it has entered into an agreement with NGL Energy Partners LP to acquire all of the outstanding equity interest in NGL Propane, LLC, NGL Energy’s retail propane distribution business, for total cash consideration of...
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Keane Group, Inc. announced that on May 25, 2018 the Company entered into a new senior secured term loan facility in an initial aggregate principal amount of $350 million to refinance its existing term loan credit facility, of which approximately...
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CIT Group Inc. announced that CIT Northbridge Credit, its joint venture financing unit, served as sole lead arranger on a $20 million senior secured revolving and term loan credit facility for Greene’s Energy Group, LLC.Greene’s Energy Group...
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Frontera Energy Corporation announced the closing of a $100 million revolving letter of credit facility arranged by Itaú Corpbanca Colombia S.A., Citibank N.A., JPMorgan Chase Bank, N.A., HSBC Mexico, S.A., Institución de Banca Multiple, Grupo...
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Hallador Energy Company entered into a new $267 million credit agreement with PNC Bank as the administrative agent, extending the term of the agreement through May 2022.The $267 million facility is comprised of a $147 million term loan and a $120...
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PBF Holding Company LLC, and PBF Energy Inc., entered into a new asset-based revolving credit agreement, among PBF, Bank of America, National Association, as administrative agent, and certain other lenders. The 2018 Revolving Loan replaced the...
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CIT Group Inc., a provider of commercial lending and leasing services, today announced that its Commercial Finance division's Energy Finance unit served as sole lead arranger and administrative agent for approximately $79 million in financing for...
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Wells Fargo’s Renewable Energy and Environmental Finance unit announced the completion of $70 million in tax-equity funding for the Pacific Plains wind projects, including facilities in Indiana, Nebraska, and California.Over the past decade, Wells...
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GE Energy Financial Services secured $150 million project financing to refinance and expand the Los Guindos open-cycle thermoelectric power plant in central Chile.
This is a milestone for GE Energy Financial Services, 75 percent owner of the...
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CIT Group Inc., a provider of commercial lending and leasing services, announced that its Commercial Finance division's Energy Finance unit served as sole lead arranger and administrative agent for about $36 million in financing for Nordic Solar LLC...
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Delek US Holdings, Inc. announced that it has closed on a new $1.0 billion senior secured revolving ABL credit facility and a $700.0 million senior secured term loan B. These Facilities are expected to simplify the debt structure as they consolidate...
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CIT Group Inc. announced that CIT Northbridge Credit served as sole lead arranger on a three-year, $20 million senior secured revolving and term loan credit facility for Arkos Field Services LP, a leading provider of aftermarket services to the...
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Crestmark Executive Vice President Larry Pearce announced Crestmark’s expansion of its funding capabilities to provide several options to the growing solar energy market. Crestmark offers several financing programs to help business owners looking to...
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CNX Midstream Partners announced that it has entered into a new senior secured revolving credit facility, which replaces the Company's prior facility. The Credit Facility expands CNX Midstream's borrowing capacity by $350 million to $600 million...
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Hilco Redevelopment Partners, a unit of Hilco Global, announced today the purchase and acquisition of the Crawford Power Generating Station site from NRG Energy in Chicago’s Little Village neighborhood.The Crawford site previously operated as a...
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February 16, 2018, 07:12 AM
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CIT Group Inc. a provider of commercial lending and leasing services, announced that its Commercial Finance division’s Energy Finance business served as sole lead arranger and administrative agent for $46.5 million in construction-only financing on...
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February 08, 2018, 07:11 AM
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Lilis Energy, Inc. announced that it has signed a new $50 million first lien term loan with Riverstone Credit Partners, L.P. The new credit facility will have additional availability of up to an additional $30 million which will be uncommitted at...
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January 31, 2018, 07:00 AM
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Anvil Capital Partners (an Aldwych company) announced the launch of its initial credit lending strategy, Anvil Energy, a $150,000,000 static pool lending facility for upstream oil and gas producers. The private lender will originate new issue...
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January 26, 2018, 07:25 AM
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Greenbacker Renewable Energy Company entered into a credit agreement with Fifth Third Bank as administrative agent, as sole lead arranger and sole lead bookrunner, as well as swap counterparty. The new credit facility consists of a loan of up to the...
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January 15, 2018, 07:17 AM
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Barclays Corporate Banking announced the launch of a suite of Green Finance products, designed to help the bank’s clients fund more sustainable projects in the UK and around the world. By accessing specific products aimed at encouraging investment in...
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December 18, 2017, 07:54 AM
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Jones Energy, Inc. announced that the Company is exploring strategic alternatives as well as opportunities to strengthen its balance sheet and is working with financial advisors in this process.“Earlier today we announced modifications to our credit...
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November 27, 2017, 07:35 AM
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Washington Equity Partners, a private equity firm based in the Washington DC metro area, in partnership with the Company's existing owners and management, announced an investment in Arc Drilling LLC. Headquartered in Cleveland, Ohio, Arc Drilling is...
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November 22, 2017, 07:09 AM
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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...
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November 20, 2017, 07:09 AM
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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...
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October 05, 2017, 07:05 AM
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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...
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September 15, 2017, 07:00 AM
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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...
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September 13, 2017, 08:00 AM
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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...
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August 08, 2017, 07:10 AM
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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...
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August 04, 2017, 07:28 AM
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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...
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August 02, 2017, 07:20 AM
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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February 15, 2017, 07:00 AM
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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...
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February 08, 2017, 07:38 AM
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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...
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January 30, 2017, 07:13 AM
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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...
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January 16, 2017, 07:51 AM
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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...
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January 05, 2017, 07:20 AM
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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...
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December 27, 2016, 07:54 AM
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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...
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December 23, 2016, 07:14 AM
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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...
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November 23, 2016, 07:35 AM
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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...
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October 20, 2016, 07:32 AM
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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...
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October 07, 2016, 07:43 AM
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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...
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October 05, 2016, 07:28 AM
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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...
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October 04, 2016, 07:13 AM
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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...
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September 14, 2016, 07:29 AM
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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...
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September 12, 2016, 08:11 AM
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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...
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August 15, 2016, 07:33 AM
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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...
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August 15, 2016, 07:29 AM
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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...
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August 11, 2016, 07:06 AM
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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...
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August 03, 2016, 07:36 AM
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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February 24, 2016, 07:49 AM
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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...
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January 04, 2016, 07:49 AM
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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...
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December 21, 2015, 07:50 AM
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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...
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December 16, 2015, 07:25 AM
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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...
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November 30, 2015, 07:37 AM
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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...
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November 16, 2015, 07:42 AM
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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...
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October 09, 2015, 07:19 AM
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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...
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September 16, 2015, 07:23 AM
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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...
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September 08, 2015, 07:49 AM
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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...
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August 10, 2015, 07:59 AM
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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...
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August 10, 2015, 07:46 AM
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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...
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August 03, 2015, 07:53 AM
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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 $650...
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Canacol Energy Ltd. announced that it has entered into a credit agreement for a US$ 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...
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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...
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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...
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January 26, 2015, 07:14 AM
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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...
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October 27, 2014, 07:09 AM
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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...
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October 23, 2014, 07:25 AM
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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...
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October 17, 2014, 07:14 AM
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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 --...
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October 16, 2014, 07:27 AM
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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...
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October 15, 2014, 06:49 AM
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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...
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October 15, 2014, 06:40 AM
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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...
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October 01, 2014, 06:39 AM
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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...
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September 26, 2014, 08:01 AM
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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...
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September 12, 2014, 07:10 AM
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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...
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September 09, 2014, 07:03 AM
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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...
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September 08, 2014, 07:19 AM
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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...
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September 08, 2014, 07:11 AM
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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...
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September 05, 2014, 07:54 AM
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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...
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September 03, 2014, 07:04 AM
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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...
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September 02, 2014, 07:28 AM
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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...
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August 29, 2014, 07:28 AM
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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...
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August 28, 2014, 07:53 AM
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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....
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August 22, 2014, 07:09 AM
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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...
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August 18, 2014, 08:04 AM
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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...
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August 12, 2014, 07:04 AM
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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...
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August 11, 2014, 05:59 AM
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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February 25, 2014, 07:52 AM
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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...
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February 18, 2014, 07:19 AM
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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...
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February 03, 2014, 07:37 AM
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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...
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January 31, 2014, 07:49 AM
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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...
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January 31, 2014, 07:18 AM
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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...
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January 30, 2014, 07:51 AM
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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...
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January 27, 2014, 07:31 AM
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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...
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January 22, 2014, 07:56 AM
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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...
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January 21, 2014, 07:55 AM
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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...
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January 20, 2014, 07:12 AM
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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...
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December 23, 2013, 06:56 AM
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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...
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December 19, 2013, 11:37 AM
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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...
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November 15, 2013, 07:26 AM
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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...
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November 04, 2013, 08:01 AM
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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...
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November 04, 2013, 07:18 AM
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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...
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October 18, 2013, 07:38 AM
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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....
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September 18, 2013, 07:45 AM
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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...
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September 11, 2013, 07:02 AM
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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...
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September 04, 2013, 08:04 AM
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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...
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August 26, 2013, 07:24 AM
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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...
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August 23, 2013, 07:54 AM
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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...
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August 15, 2013, 07:14 AM
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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...
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August 09, 2013, 07:30 AM
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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...
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August 06, 2013, 03:19 PM
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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....
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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....
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