FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


ABN AMRO Capital USA Agents Upsize for Goodnight Midstream

November 02, 2017, 07:08 AM
Filed Under: Oil & Gas

Goodnight Midstream, LLC, an oilfield water midstream company, announced that the participants in its senior secured revolving credit facility, for which ABN AMRO Capital USA, LLC is the administrative agent, book runner and sole lead arranger, have expanded the facility amount to $165 million to provide additional capital for the Company's growth and future operations.

Upon closing, Goodnight has more than $100 million of available liquidity to fund continued growth and expansion opportunities in the Bakken and Permian basins. The consortium of lenders, led by ABN AMRO, includes Texas Capital Bank, East West Bank, Cadence Bank and BOK Financial.

Patrick Walker, Chief Executive Officer of Goodnight Midstream said, "The continued support and confidence of the well-respected banks in our consortium led by ABN AMRO represents another level of validation in our team's ability to execute on safe, clean, cost-effective midstream saltwater disposal systems. This financing, done at attractive terms, provides us the financial flexibility to execute on our growth initiatives and support our ongoing commitment to customers of lowering lease operating expense and improving reliability."

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.