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BBVA Compass Agents $60MM ABL Facility to WTG Fuels

March 26, 2014, 07:21 AM
Filed Under: Energy

BBVA Compass’ Asset-Based Lending group announced it was sole lead arranger and administrative agent for a $60 million senior credit facility to Midland-based WTG Fuels Inc., which distributes fuel and propane and owns and operates 22 convenience stores operating in Texas, Oklahoma and New Mexico.

BBVA Compass is a Sunbelt-based financial institution that operates 685 branches, including 350 in Texas, 90 in Alabama, 78 in Arizona, 64 in California, 45 in Florida, 38 in Colorado and 20 in New Mexico. BBVA Compass ranks among the top 25 largest U.S. commercial banks based on deposit market share and ranks among the largest banks in Alabama (2nd), Texas (4th) and Arizona (5th).

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