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ABN AMRO Agents $200MM Credit Facility for Kingfisher Midstream

August 10, 2017, 07:07 AM
Filed Under: Oil & Gas

Kingfisher Midstream, LLC, a private gathering and processing midstream company, has entered into a $200 million senior secured revolving credit facility with ABN AMRO Capital USA, LLC as Administrative Agent, Book Runner and Lead Arranger. East West Bank and Wells Fargo Bank, NA act as Syndication Agent and Documentation Agent, respectively. Proceeds from the revolving credit facility will be primarily used to fund capital expenditures, including completion of a new, under-construction 200 Mmcf/d cryogenic processing plant expected to be in service during the fourth quarter of 2017.

"We are pleased to work with ABN AMRO, who were able to use their industry knowledge to understand the nuances of our company resulting in an oversubscribed and successful syndication," said Michael Christopher, Chief Financial Officer of KFM.

Casey Lowary, Managing Director of ABN AMRO added, "We are pleased to partner with the ARM Energy team to support the growth of KFM. The company's underlying acreage dedications and STACK footprint are the cornerstone of the credit facility being upsized from $150 million to $200 million."

Durham Jones & Pinegar served as legal advisors to KFM.  Thompson & Knight LLP served as legal advisors to ABN AMRO.

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