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

Print

US Capital Partners Provides $4.6MM Financing for Oilfield Services Company

September 18, 2013, 07:40 AM
Filed Under: Energy

US Capital Partners, LLC has structured and provided a $4.6 million machinery and equipment term loan for a fast-growing US firm in the oilfield services sector (the “Company”). US Capital Partners is a private investment bank that makes direct debt investments, participates in debt facilities, and arranges equity placements for small to lower middle market companies.

The oilfield services firm aims to provide best-in-class services to oil and gas exploration and production companies in the Rocky Mountains. The new financing by US Capital Partners will be used to purchase machinery and equipment to begin operations, and also to support the Company’s growing working capital needs during the early stages of operation.

“We are extremely pleased to have provided $4.6 million in term loan financing for this highly promising oilfield services firm,” said Jeffrey Sweeney, CEO and Managing Director at US Capital Partners. “The Company needed our expertise to structure, underwrite, and provide optimal debt financing. US Capital Partners not only successfully provided funding for the Company but also securitized machinery and equipment only, thereby leaving other assets available for leverage.”







Comments From Our Members

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