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Zions Bancorporation Completes $20MM Revolving Line of Credit for Provider of OCTG Goods & Services

July 31, 2023, 07:12 AM
Filed Under: Energy

Zions Bancorporation, through its Texas division, Amegy Bank, closed and funded a $20,000,000 credit facility for an energy-focused private equity-owned provider of oil country tubular goods and services. The credit facility consisted of a multi-year revolving line of credit.   
 
Proceeds of the credit facility were used to finance the acquisition of a manufacturer of OCTG products as part of the strategic expansion of the client’s production capacity and product and geographic offerings. The ABL revolver will also provide ongoing working capital needs.







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