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MC Credit Partners Affiliate Provides $200MM First Lien Credit Facility to MD America Energy

November 28, 2018, 07:00 AM
Filed Under: Energy

MD America Energy, LLC announced it has closed a new $200 million First Lien Credit Facility.  At the closing, an initial amount of $100 million was funded and an additional $100 million of delayed draw term loans are available to the Company, subject to the satisfaction of customary conditions precedent.   

MD America's CEO Eric Waller stated, "This new Credit Facility will permit us to continue to expand our operations in East Texas, which continue to be focused on the development of the prolific Eagle Ford and Woodbine formations."

An affiliate of MC Credit Partners LP is serving as administrative agent on the Credit Facility and served as a joint lead arranger. Guggenheim Securities, LLC served as financial advisor to MD America and joint lead arranger on the Credit Facility. 


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