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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Cadence Bank, Wells Fargo Close $100MM Revolver Upsize for Solaris Water Midstream
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Lenders/Participants
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Cadence Bank [Lead Arranger, Administrative Agent]
Wells Fargo Bank [Joint Lead Arranger]
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Structure
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Revolving Credit Facility Upsize
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Amount
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$350.000
Million
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Borrower(s)
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Solaris Water Midstream, LLC
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Description
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Company increased the size of its revolving credit facility to $350 million from $250 million. Cadence Bank N.A. acted as lead arranger and administrative agent with Wells Fargo Bank, National Association serving as joint lead arranger. The expanded facility will be used for general corporate purposes and to support Solaris Water’s continued growth initiatives in the Permian Basin. The undrawn balance of the credit facility and unfunded capital commitments from Solaris Water’s investors provide Solaris Water with $295 million of liquidity to expand its integrated water management services in the Delaware and Midland basins. Services include produced water gathering, transportation, disposal, treating and storage, as well as the delivery of treated produced water and nonpotable brackish water. In addition to Cadence Bank and Wells Fargo, the syndicated bank group also includes previous group members Citizens Bank, East West Bank, Texas Capital Bank and Woodforest National Bank and new group members BMO, Iberia Bank and RBC.
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Industry
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Infrastructure
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| Related Tags |
BMO, Cadence Bank, Citizens Bank, East West Bank, Iberia Bank, Royal Bank of Canada, Texas Capital Bank, Wells Fargo Bank, Woodforest National Bank
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ABL Advisor
Deal Tables
2025
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