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US Capital Global Advises on $5.3MM Financing for Oilfield Services Company

June 13, 2019, 08:50 AM
Filed Under: Oil & Gas

US Capital Global has provided financial advisory services to a US middle-market firm in the oilfield services sector for debt financing of $5.3 million. Headquartered in San Francisco, US Capital Global provides sophisticated debt, equity, and investment products to lower middle market companies and investors.

Based in California, this oilfield services company provides a range of services from coiled well tubing to sandblasting and P&A services, and is a merited alternative to the major multinational service companies in the industry. The firm sought long-term growth capital and working capital to facilitate the ongoing expansion of its operations.

"We are very pleased to have advised on this debt financing of $5.3 million," said Jeffrey Sweeney, Chairman and CEO at US Capital Global. "The company approached US Capital Global on account of our flexibility and reputation in providing insightful advisory services customized for our clients. US Capital Global was able to provide advisory on capital formation and strategic debt alternatives. This enabled the company to exit its current traditional bank financing in favor of less restrictive financing customized to its specific needs."

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