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News Stories (158 Results) - Energy

Hudson Avenue Partners announced that Pipeline Technique Ltd., a portfolio investment of Bluewater Private Equity, has completed a transformational acquisition of three leading energy infrastructure units, CRC-Evans, Pipeline Induction Heat and... Read Story

September 12, 2022, 07:00 AM

CIT, a division of First Citizens Bank, announced that its Power and Energy business served as sole lead arranger of financing for the development of Swell Energy’s pipeline of new behind-the-meter commercial energy storage projects in California.The... Read Story

August 03, 2022, 08:00 AM

Ares Commercial Finance provided a $15 million senior secured credit facility to PS Energy Group, Inc. PS Energy is a privately-owned, certified diverse and women-owned enterprise that provides transportation fuels, emergency fueling and fleet... Read Story

August 03, 2022, 07:00 AM

Haynes and Boone served as legal counsel to Earthstone Energy in its acquisition of Permian Basin operator Chisholm Energy Holdings LLC in a cash-and-stock transaction worth over $600 million. The deal, announced on Dec. 16, marks Earthstone’s fifth... Read Story

December 17, 2021, 07:00 AM

Matador Resources closed a new amended and restated credit agreement. The Credit Agreement, which is dated November 18, 2021 and is more formally described as the Fourth Amended and Restated Credit Agreement, amends and restates that certain Third... Read Story

November 19, 2021, 08:00 AM

After difficult borrowing base redetermination seasons in 2020, producers should expect increases in credit availability.That is one of the conclusions of Haynes and Boone's Fall 2021 Borrowing Base Redeterminations Survey, which was released with... Read Story

October 21, 2021, 08:00 AM

SMBC, a member of SMBC Group, closed a $642 million Green Loan and acted as Co-Managing Underwriter on $273 million of Private Activity Bonds (Green Bonds) for the construction of the FM Area Diversion Project in the Fargo-Moorhead area in North... Read Story

October 20, 2021, 07:10 AM

FLC Credit Partners, a private credit fund manager specializing in family- and entrepreneur-owned businesses, announced that its private credit fund has provided a term loan and preferred equity to Goodnight Trail Resources, LLC (“Goodnight Trail”)... Read Story

September 28, 2021, 08:02 AM

InPlay Oil Corp. announced that the annual renewal of its syndicated Senior Credit Facility by its lenders has been completed on a fully conforming basis.InPlay’s Senior Credit Facility has been reconfirmed at $65 million, comprised of a $55 million... Read Story

July 02, 2021, 07:00 AM

Diversified Gas & Oil announced the Company's bank lending group, led by KeyBank, reaffirmed the existing $425 million borrowing base of the Company's senior secured credit facility with no changes to pricing, covenants or other material terms after... Read Story

April 08, 2021, 08:00 AM

Sallyport Commercial Finance provided a $7.0 mm Accounts Receivable Financing Facility to a supplier of high-efficiency solar panels. The client had a choice between a lower priced bank line with limitations or a more flexible facility from Sallyport... Read Story

March 25, 2021, 06:00 AM

Adani Green Energy Limited (AGEL) raised a USD 1.35 billion debt package for its under-construction renewable asset portfolio through definitive agreements signed with a group of leading international lenders. The revolving project finance facility... Read Story

March 18, 2021, 08:00 AM

MidCap Business Credit closed on a $6,000,000 asset based credit facility for a private equity owned company in the energy space.  The opportunity was sourced out of MidCap’s headquarters in West Hartford, CT.   Seth Cooper, Senior Vice President of... Read Story

January 05, 2021, 07:24 AM

Gunvor Group has successfully closed a new EUR 300 million financing, which consists of a syndicated, pan-European natural gas repo facility to cover multiple jurisdictions in Europe with a shared security package. It will be used to support Gunvor’s... Read Story

December 21, 2020, 08:00 AM

CIT Group announced that its Power and Energy business served as coordinating lead arranger on a $256 million financing for the 250-megawatt (MW) Taygete I Energy Project owned by 7X Energy, Inc (7X) and located in Pecos County, Texas. 7X Energy is a... Read Story

December 10, 2020, 08:10 AM

Capstone Infrastructure Corporation announced the construction of its 132-MW Claresholm solar park in Alberta is “in full swing” after new project financing has been secured.In an update last week, the Canadian clean energy investor said that all... Read Story

November 09, 2020, 09:00 AM

Taronis Fuels, a global producer of renewable and socially responsible fuel products, announced the closing of a $10 million senior, secured line of credit with Tech Capital, LLC (“Tech Capital”). Tech Capital is a wholly-owned subsidiary of... Read Story

October 23, 2020, 07:50 AM

Business Capital (BIZCAP™) secured Growth Capital for Community Eco Power LLC (CEP), a group operating two plants in Massachusetts that convert waste to power, simultaneously  providing resources for communities to implement successful... Read Story

October 22, 2020, 08:00 AM

CSG Investments announced a $200 million senior secured term loan maturing in five years for Kosmos Energy Ltd.'s Gulf of Mexico business unit on September 30, 2020, with funding provided by Beal Bank USA and Trafigura Trading LLC.Kosmos Energy Ltd.... Read Story

October 13, 2020, 09:00 AM

EP Energy Corporation announced that the United States Bankruptcy Court for the Southern District of Texas (the "Court") has confirmed the Company's Amended Plan of Reorganization (the "Amended Plan"). The Company expects to complete its financial... Read Story

August 31, 2020, 08:00 AM

Ares Management Corporation announced that funds managed by its Infrastructure and Power strategy have completed the sale of the 525 MW Aviator Wind project, which was owned, constructed and managed by Ares and developed by Apex Clean Energy. In two... Read Story

August 07, 2020, 09:10 AM

Canacol Energy Ltd. offered the following update on certain new and existing credit facilities.  Jason Bednar, CFO of Canacol commented “As at June 30, 2020, Canacol maintained its strong balance sheet and liquidity including approximately $59... Read Story

August 04, 2020, 08:56 AM

Contango Oil & Gas entered into the Second Amendment (Credit Agreement Amendment) to the Credit Agreement, dated as of September 17, 2019, by and among the Company, JPMorgan Chase Bank, N.A., as administrative agent, and the other participating... Read Story

June 16, 2020, 09:15 AM

NGL Energy Partners LP announced that it has entered into a new $250 million term loan facility with certain funds and accounts managed by affiliates of Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries... Read Story

June 04, 2020, 09:10 AM

As the stocks of oil and gas producers endured major selloffs in the first quarter, the sellers included a large number of institutional investors, with a number seeing a declines of millions of shares, according to recent filings with the SEC, S&P... Read Story

June 01, 2020, 09:00 AM

An energy company based in West Virginia has chosen TAB Bank for a $2.5 million revolving credit facility.  The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.The company... Read Story

May 20, 2020, 09:10 AM

Windmill Capital Management (WCM), a clean energy capital and finance company, announced the launch of an offering for a private clean energy investment fund. Windmill Clean Energy Credit Trust (CECT) will offer up to $250 million of Class 1... Read Story

May 11, 2020, 09:00 AM

Noble Energy provided an update on actions it is taking in response to the COVID-19 pandemic and significant decline in oil and gas demand and prices. "Recent events have had an unprecedented and unpredictable impact on the global economy and the... Read Story

April 15, 2020, 09:00 AM

Yuma Energy, Inc. announced that the Company and certain of its subsidiaries have entered into an amended and restated Credit Agreement with its lender, YE Investments LLC, an affiliate of Red Mountain Capital Partners, LLC.  The Credit Agreement... Read Story

December 03, 2019, 08:00 AM

Comvest Credit Partners has acted as Administrative Agent and Sole Lender in providing a $45.0 million senior secured term loan (the “Financing”) to HOP Energy, LLC (“HOP Energy”), a portfolio company of Delos Capital.We are pleased to be partnering... Read Story

November 15, 2019, 08:00 AM

SunCoke Energy, Inc. (SXC) announced that it and certain of its wholly-owned subsidiaries have entered into an amended and restated revolving credit agreement, which increased total borrowing capacity to $400 million and extended the maturity date to... Read Story

August 06, 2019, 08:45 AM

CIT Group Inc. announced its Power and Energy business served as coordinating lead arranger for $204.5 million in debt financing to support construction of Holstein Solar, a 200-megawatt solar farm to be built in Nolan County, Texas. Concurrent with... Read Story

July 23, 2019, 09:00 AM

Transocean Ltd. announced that it has amended the terms of its Revolving Credit Facility dated June 22, 2018 to increase the capacity of the Facility to $1.36 billion from $1.0 billion. The Facility contains an accordion provision permitting an... Read Story

May 15, 2019, 08:45 AM

Tiger Group and Federal Equipment Co. will conduct an online auction of the complete assets formerly owned by biofuel technology company Inaeris Technologies on May 9. The professionally maintained assets include main, demonstration and pilot plants... Read Story

April 29, 2019, 09:15 AM

Encina Business Credit, LLC (EBC) announced that it has provided a $35 million senior secured revolving credit facility to an oil field services company. The credit facility is based on accounts receivable, inventory, and machinery & equipment. The... Read Story

April 26, 2019, 09:15 AM

Plug Power Inc., a provider of energy solutions, announced $100 million in debt financing with Generate Capital (Generate), an integrated investment and operating platform for innovative resource infrastructure technologies and developers. This... Read Story

April 04, 2019, 08:30 AM

Roan Resources announced its borrowing base on its revolving credit facility has been upsized by $75 million to $750 million. As of the end of the fourth quarter 2018, Roan had $6.9 million of cash on the balance sheet and $514.6 million drawn on its... Read Story

March 14, 2019, 08:00 AM

For executives at most large, publicly-traded companies, incentive compensation is an integral part of the total compensation package. For those in the energy sector, the average total compensation for CEOs and CFOs increased in both the E&P and... Read Story

March 04, 2019, 07:00 AM

Haynes and Boone released its latest Energy Bankruptcy Reports, which include bankruptcy filings from the beginning of 2015 through the end of 2018. The firm tracks bankruptcy filings in three databases that it updates periodically: the Oil Patch... Read Story

January 10, 2019, 09:00 AM

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... Read Story

November 28, 2018, 07:00 AM

When a Gulf Coast community bank referred over an underperforming line of credit, Republic Business Credit replaced their facility while partnering with the bank to retain the treasury management services. The client sought new recovery capital and a... Read Story

October 24, 2018, 07:00 AM

Azure Midstream Energy LLC (Azure) announced it has closed on a first lien senior secured credit facility led by ABN AMRO and a second lien secured term loan facility led by Madava Financial. The proceeds from this new debt were used to pay off Azure... Read Story

September 04, 2018, 08:00 AM

Amerisource Business Capital announced the closing and funding of a $1,000,000 credit facility for an oilfield tools and equipment services company based in Canada.  Proceeds of the facility were used to provide working capital for growth.Allison... Read Story

August 30, 2018, 09:00 AM

Cequence Energy Ltd. announced a series of transactions that will refinance the company's balance sheet, and thereby provide greater flexibility and liquidity to execute the ongoing business plan of the Company.Firstly, Cequence has entered into a... Read Story

July 30, 2018, 08:00 AM

Ring Energy, Inc. entered into an amendment to its credit agreement dated July 1, 2014 with SunTrust Bank, as lender, issuing bank and administrative agent for several banks and other financial institutions and lenders. The Amendment, among other... Read Story

June 21, 2018, 08:00 AM

Viking Energy Group, Inc. announced its existing wholly-owned subsidiaries in the U.S. have entered into a Revolver Loan Agreement with CrossFirst Bank.The Agreement provides for a revolving line of credit facility in the maximum principal amount of... Read Story

June 19, 2018, 08:00 AM

Rex Energy Corporation, an independent oil and gas exploration and production company, today announced that, following its previously announced strategic review, it has decided to begin an orderly sale process for its remaining assets in order to... Read Story

May 21, 2018, 08:00 AM

Alvarez & Marsal (A&M) has established a strategic partnership and made an equity investment in Artis Energy Intelligence (AEI), the developer of patented, real-time energy analytics software platform, RTIS®. The partnership will help clients... Read Story

May 09, 2018, 07:00 AM

Newfield Exploration Company refinanced its existing revolving credit facility by entering into a revolving credit facility represented by an Amended and Restated Credit Agreement, dated as of March 23, 2018, by and among the Company, the lenders... Read Story

March 27, 2018, 08:00 AM

Gerber Finance Inc. announced the funding of a C$3,000,000 asset based credit facility in Ontario, Canada. Gerber’s new client is a global capital projects consulting and advisory firm serving the largest companies in power generation and... Read Story

February 23, 2018, 07:00 AM

PetroShare Corp., a Colorado-based oil and gas exploration and production company with operations in the Wattenberg Field of the Denver-Julesburg Basin, announced the closing of $20 million in financing in the second tranche of Senior Secured... Read Story

February 02, 2018, 07:00 AM

Midland Basin Partners, LLC has announced a strategic financial partnership with Orion Energy Partners, LP. The $75 million credit facility from Orion Energy will fuel the expansion of MBP’s existing midstream platform focused on water infrastructure... Read Story

January 04, 2018, 08:00 AM

Dalmac Energy Inc. announced that it has entered into an agreement with Servus Credit Union Ltd. whereby Servus has agreed to provide the company with a $5,000,000 revolving overdraft credit facility to assist with daily operating expenses and a... Read Story

December 07, 2017, 08:00 AM

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $6,000,000 senior credit facility to Vernal, UT-based Adler Hot Oil Service, LLC (Adler). Adler provides heating services for oil and gas well sites.... Read Story

November 29, 2017, 08:01 AM

WesternOne Inc. announced that it has completed the closing of the new three-year $35 million secured asset-based revolving credit facility with Canadian Imperial Bank of Commerce, as previously announced on November 13, 2017.In conjunction with the... Read Story

November 22, 2017, 08:00 AM

V3 Commodities Group Holdings, LLC announced that it has closed a $10 million wholesale supply and credit support facility with Great American Power, LLC (GAP), a retail energy provider serving natural gas and electricity markets throughout North... Read Story

November 20, 2017, 08:00 AM

Amerisource Business Capital announced the closing and funding of a $10,000,000 asset based revolver for an energy services firm. Established in 2005, headquartered in Texas, the firm has operations in Canada, Mexico, India, Saudi Arabia and U.S. The... Read Story

October 11, 2017, 08:02 AM

Ares Commercial Finance announced that it has provided a $45 million senior secured credit facility to Nuverra Environmental Solutions, Inc.  Headquartered in Scottsdale, Arizona, the company provides comprehensive, full-cycle environmental... Read Story

August 29, 2017, 08:00 AM

Holly Energy Partners entered into its third amendment to its credit facility by and among HEP Operating, as borrower, Wells Fargo Bank, National Association, as administrative agent and an issuing bank, increasing the size of its facility by $200... Read Story

August 07, 2017, 07:00 AM

Brazos Midstream Holdings announced that its subsidiary, Brazos Delaware LLC, has completed an expansion of its senior credit facility to $150 million in commitments from a syndicate of banks. Additionally, the facility has an accordion feature... Read Story

July 25, 2017, 08:00 AM

Advanced Energy Capital provided a $5,000,000 financing facility for a residential and commercial solar system provider and installer giving the company working capital to grow.Founded in 2010, the Company, with their roots in construction, is now a... Read Story

July 10, 2017, 07:00 AM

Ares Commercial Finance announced that it has provided a senior secured credit facility to Pro Oil & Gas Services, LLC (Pro) in connection with Intervale Capital’s recapitalization of the business. Headquartered in Houston, Pro is a diversified... Read Story

June 29, 2017, 07:00 AM

Sallyport Commercial Finance provided a $1.75 million Accounts Receivable Facility to a company that provides state of the art energy storage solutions to its customers.Founded in 2012 this company provides megawatt-scale energy storage systems for... Read Story

June 12, 2017, 08:00 AM

When a Gulf Coast Regional Bank sought an amicable exit, for a long-term fabrication and thermal maintenance customer, they called New Orleans headquartered Republic Business Credit to alleviate their special assets client, due to previous successful... Read Story

June 08, 2017, 08:00 AM

Kayne Private Energy Income Fund LP -- an investment vehicle of Kayne Anderson Capital Advisors -- has provided $300 million in funding to Valorem Energy LLC. Based in Oklahoma City, Oklahoma, Valorem is an oil and natural gas company. Valorem... Read Story

May 22, 2017, 08:00 AM

Vantage Commodities Financial Services, LLC announced that it has provided a $25 million credit facility to Atlantic Energy, a leading retail energy company.Commenting on the financing, Vantage's CEO, Victor Ferreira stated, "Vantage is pleased to... Read Story

May 15, 2017, 08:00 AM

Rising Bird, Inc. announced that it has secured $8.2 million credit facility for Don Rose Oil Co., Inc. (DRO). The funds will be used to refinance existing debt with better terms, help with the expansion of DRO and support general business operations... Read Story

May 05, 2017, 07:00 AM

Caprock Midstream LLC, a private gathering and processing infrastructure company has entered into a $120 million senior secured term loan facility with AB Private Credit Investors LLC as Administrative Agent/Co-Lead Arranger and Goldman Sachs... Read Story

April 26, 2017, 08:00 AM

Hull Street Energy announced that it has completed the acquisition of 100% of the ownership interest in Maxim Power (USA) Inc. from Maxim Power Corp. The acquisition was made by a recently-formed Hull Street Energy affiliate, Milepost Power Holdings... Read Story

April 14, 2017, 08:00 AM

Super G provided a second lien growth capital facility to a company that provides lease crew services and equipment rentals to leading exploration and production companies in South and West Texas.The company was seeking growth capital in addition to... Read Story

March 22, 2017, 08:03 AM

Crossroads Financial provided a $750,000 purchase order financing facility for the benefit of a distributor of safety equipment for electric power transformers.The company came to Crossroads looking to take out 4 MCA’s, and also needed some... Read Story

March 17, 2017, 07:00 AM

InterOil Corporation announced that it has entered into a new US$470 million senior secured credit facility. Once the conditions precedent are satisfied, the new facility will refinance and replace the existing US$400 million secured capital... Read Story

February 07, 2017, 07:00 AM

Basic Energy Services, Inc. announced that the Company and its affiliated chapter 11 debtors have successfully completed their prepackaged restructuring and recapitalization plan (the "Prepackaged Plan") and emerged from chapter 11 bankruptcy... Read Story

December 27, 2016, 07:29 AM

Touchstone Exploration Inc. announced  the conditions precedent have been satisfied in respect of its previously announced $15 million, five-year term loan agreement and the Term Loan became effective on November 23, 2016. The Term Loan replaces... Read Story

November 28, 2016, 07:16 AM

Broadwind Energy, Inc. announced it has closed on a new three-year $20 million asset-based credit line with The PrivateBank. Under the terms of new credit line, Broadwind will have the ability to borrow up to $20 million against a borrowing base... Read Story

October 27, 2016, 07:44 AM

REG Grays Harbor, LLC, a wholly-owned subsidiary of Renewable Energy Group, Inc., has secured an additional $5 million credit facility from Umpqua Bank to fund further capital expenditures and improvements at the 100 million gallon nameplate... Read Story

October 13, 2016, 07:17 AM

The Capital Garden has recently established an invoice factoring relationship with a 25 year old, San Francisco Bay Area based energy solutions company. The business offers a widespread line of energy products that cater to commercial, industrial and... Read Story

September 27, 2016, 07:11 AM

Black Hills Corp. has upsized its revolving credit facility to $750 million from $500 million and closed a $500 million unsecured term loan.The amended and restated corporate revolving credit facility has a five-year term expiring Aug. 9, 2021, with... Read Story

August 10, 2016, 07:36 AM

JinkoSolar Holding Co., Ltd., a global leader in the solar PV industry, announced that its wholly owned subsidiary, JinkoSolar (U.S.) INC., has signed amendments to the credit agreement with Wells Fargo Capital Finance, a division of Wells Fargo Bank... Read Story

July 15, 2016, 07:56 AM

SunEdison announced that it has appointed John S. Dubel as the Company's Chief Executive Officer, effective June 22, 2016.  Mr. Dubel has served as SunEdison's Chief Restructuring Officer since April 29, 2016 and will continue in that role. Mr. Dubel... Read Story

June 24, 2016, 07:45 AM

Fortum Corporation has signed a EUR 1,750 million syndicated Multicurrency Revolving Facility Agreement. The committed facility will be used for general corporate purposes and replaces the existing credit facility signed in July 2011. The facility... Read Story

June 17, 2016, 07:41 AM

NRG Energy, Inc. announced it has priced its proposed $1.9 billion term loan B facility. The term loans will be issued at a price equal to 99.50% of their face value, bear interest at a rate equal to LIBOR plus 2.75% (with LIBOR not less than 0.75%)... Read Story

June 16, 2016, 07:39 AM

Dynegy Inc. is commencing a public offering of 4 million tangible equity units, with each tangible equity unit having a stated amount of $100.00 and comprised of a prepaid stock purchase contract and a senior amortizing note due July 1, 2019, each... Read Story

June 15, 2016, 07:12 AM

Amerisource announced the closing and funding of a $1 million revolving line of credit for a wholesale fuel and service provider.  The company supplies wholesale fuel and supplies equipment and services to highway and civil construction companies in... Read Story

June 09, 2016, 07:44 AM

Trade Finance Solutions Inc., a leading provider of global trade financing solutions, provided €4.0 million in supplier credit and factoring facilities to a Spain-based manufacturer of biodiesel fuel.  The facilities will enhance the company’s cash... Read Story

May 24, 2016, 07:34 AM

Boralex Inc. announced the closing of refinancing for its revolving corporate credit facility in a total amount of C$360 million, comprising a C$300 million revolving credit facility and a C$60 million letter of credit facility guaranteed by Export... Read Story

April 29, 2016, 08:02 AM

WPX Energy has amended and restated its revolving credit facility. WPX received total commitments of $1.2 billion on a senior secured facility, with an initial borrowing base of $1.025 billion. The revolver matures on October 29, 2019.The amended... Read Story

March 21, 2016, 07:32 AM

Holly Energy Partners, L.P. has amended its existing revolving credit facility to increase the maximum amount of the facility from $850 million to $1.2 billion. The credit agreement is available to fund capital expenditures, investments, acquisitions... Read Story

March 11, 2016, 07:51 AM

Cheniere Energy Partners, L.P. has closed on the previously announced approximately $2.8 billion of senior secured credit facilities. The four-year credit facilities consist of an approximately $450 million Cheniere Creole Trail Pipeline, L.P. ("CCTP... Read Story

February 29, 2016, 07:52 AM

Sanchez Energy Corporation announced that it has amended the terms under its $1.5 billion first lien revolving credit facility, effective immediately. The amendment allows for the incurrence of second lien debt not to exceed $400 million plus any... Read Story

January 25, 2016, 07:29 AM

1836 Capital, LLC announced that it has launched Texas Oil Capital, LLC to assist independent oil & gas field operators.1836 Capital has had success helping field companies in the oil patch and has launched Texas Oil Capital to specialize in the... Read Story

November 24, 2015, 07:00 AM

Envision Solar International has successfully closed a revolving line of credit with Silicon Valley Bank. The funds will be used to execute on the company's existing and future orders for EV ARC™ and Solar Tree® products."Closing this line of credit... Read Story

November 09, 2015, 07:48 AM

Canadian Solar Inc., one of the world's largest solar power companies, today announced that it has signed a $100.0 million two-year senior secured term loan arranged by Credit Suisse AG, Singapore Branch.In connection with the term loan, Canadian... Read Story

October 29, 2015, 07:18 AM

Gran Tierra Energy announced that through its wholly owned subsidiary Gran Tierra Energy International Holdings Ltd., it has secured a credit facility of up to $500 million with a current borrowing base of $200 million. The facility replaces Gran... Read Story

September 21, 2015, 07:24 AM

Crestmark announced the funding of Alternative Energy Development Group (AEDG) LLC, and affiliated company SolarSense LLC, headquartered in Berwyn, Pa., with a combination of sale and leaseback transactions. Crestmark provided sale-leaseback... Read Story

July 10, 2015, 07:29 AM

Black Hills Corp.has amended and extended its $500 million, unsecured revolving credit facility used to fund working capital needs and for general corporate purposes. The amended facility has a five-year term expiring June 26, 2020, and can be... Read Story

June 29, 2015, 07:08 AM

Venoco, Inc. entered into a new $75 million term loan facility (the "new facility") with Deutsche Bank AG. The new facility was fully drawn at closing, and matures in December, 2017, subject to acceleration in certain circumstances. The company used... Read Story

June 17, 2015, 07:54 AM

On May 29, 2015, Generac Power Systems, Inc. (the “Lead Borrower”), a wholly owned subsidiary of Generac Holdings, entered into Amendment No. 2 (the “ABL Amendment”) to that certain Credit Agreement, dated as of May 30, 2012, as amended by Amendment... Read Story

June 01, 2015, 08:01 AM

Lightstream Resources Ltd.  announces the renegotiated terms agreed to with lenders in its secured revolving credit facility.Further to its first quarter results press release of May 5, 2015, Lightstream has concluded negotiations and received signed... Read Story

May 22, 2015, 07:22 AM

The energy sector default rate is expected to rise above its long-term average of 1.9% in 2015, according to Fitch Ratings. Low oil prices have pressured cash flows and liquidity of smaller, less competitive exploration and production (E&P) companies... Read Story

April 28, 2015, 08:01 AM

Volunteer Energy, a leading Midwestern natural gas supplier, has announced the successful execution of a new secured asset-based credit agreement with a six member bank group led by PNC Bank N.A, and includes JPMorgan Chase Bank N.A., KeyBank N.A.... Read Story

April 10, 2015, 07:21 AM

Pressure on commodity prices was cited by 73 percent of industry professionals who were surveyed at the North American Prospect Expo (NAPE) Summit in February as their biggest industry concern for 2015, according to the second annual Energy Survey by... Read Story

March 30, 2015, 07:07 AM

The decline in the price of oil has dominated the news over the last few months. In short, there’s a complex set of factors around the global supply and demand imbalance we’re encountering, which is being further exacerbated by OPEC led by Saudi... Read Story

March 27, 2015, 07:16 AM

SVBusiness Capital announced the issuance of a $1 million revolving line of credit to a California-based solar company.  The proceeds were used to refinance existing debt and to support the growing revenue base.As a result of limited financial... Read Story

March 25, 2015, 07:53 AM

Cardinal Energy Group, Inc. has executed a term sheet for a $2,500,000 revolving credit line from a prominent New York based Private Equity Firm and expects to close and draw down on the facility within 30 days. The credit facility has been earmarked... Read Story

March 17, 2015, 07:00 AM

Murray Energy Corporation ("Murray Energy") announced that it entered into a definitive agreement with Foresight Reserves ("Reserves"), an affiliate of the Cline Group, to purchase an eighty percent (80%) voting interest in Foresight Energy GP LLC... Read Story

March 16, 2015, 07:16 AM

Exterran Partners, L.P. announced the execution of an amendment to its senior secured credit facility which, among other things, gives effect to revolving credit commitments from three new lenders and increases the revolving credit commitments of... Read Story

February 05, 2015, 08:01 AM

TerraForm Power, a global owner and operator of clean energy power plants, announced that its indirect subsidiary, TerraForm Power Operating, LLC, closed a $550 million secured revolving credit facility (the "Revolver"). Barclays acted as joint lead... Read Story

February 03, 2015, 07:58 AM

AccuVal-LiquiTec, a leader in oil and gas industry valuations, has issued a new report explaining how plummeting oil prices will affect asset collateral values. Focusing especially on machinery and inventory, the special report details: The oil... Read Story

January 27, 2015, 08:03 AM

Resolute Energy Corporation announced that it has entered into definitive agreements with respect to a $150 million second lien secured term loan with Highbridge Principal Strategies and has also amended its senior revolving credit facility. The... Read Story

January 05, 2015, 07:47 AM

Alcentra Capital Corporation has provided $15 million in a first lien term loan to NARL Marketing, Inc., the retail and marketing operations of North Atlantic Refining Limited.  NARL Marketing is headquartered in St. John's, Newfoundland. The... Read Story

December 01, 2014, 07:26 AM

Seven Generations Energy Ltd. ("7G" or "the Company") and its lending syndicate have agreed to an amendment to 7G's senior secured revolving credit arrangement that has increased the borrowing capacity from $150 million to $480 million and extended... Read Story

September 16, 2014, 07:12 AM

Mississippi Resources, LLC ("MSR" or the "Company") announced that it closed a senior debt and preferred equity investment with TPG Specialty Lending, Inc. for a maximum amount of $55.5 million.  The funds will be used to retire debt, buy out... Read Story

July 18, 2014, 07:24 AM

Superior Plus Corp. announced that its wholly-owned subsidiaries Superior Plus LP, Superior Plus US Financing Inc. and Comercial E Industrial ERCO (Chile) Limitada have completed an extension of $450 million of its $570 million syndicated credit... Read Story

June 23, 2014, 07:26 AM

Samson Oil & Gas announced it has updated its credit agreement with Mutual of Omaha Bank to increase the borrowing base of this facility to $15.5 million. The terms of the facility agreement otherwise remain unchanged, being a three- year term with... Read Story

June 16, 2014, 07:16 AM

Connacher Oil and Gas Limited has closed the previously announced first lien term loan facility in an aggregate principal amount of U.S.$128.4 million (equivalent of C$140 million). Credit Suisse arranged a syndicate of institutional investors for... Read Story

May 27, 2014, 07:52 AM

Bengal Energy Ltd. announced that it has signed an indicative term sheet for a U.S. $20.0 million secured credit facility (the "Facility") with a leading Australian commercial bank (the "Lender"), and provides an update on its Cuisinier exploration... Read Story

May 27, 2014, 07:31 AM

NRG Yield, Inc. announced that its subsidiary, NRG Yield Operating LLC, closed a $450 million secured revolving credit facility with RBC Capital Markets as sole lead arranger, and Royal Bank of Canada as agent. The bank group includes ten financial... Read Story

April 29, 2014, 07:48 AM

Canacol Energy Ltd. announced that it has closed its previously announced upsizing of its existing senior secured term loan with a syndicate of banks led by Credit Suisse as lead arranger, sole bookrunner and administrative agent, and including Banco... Read Story

April 25, 2014, 07:10 AM

Shoreline Energy Corp. ("Shoreline" or the "Corporation") announces that it has received notice of acceleration from its lender under its credit facility (the "Notice"). The Notice provides that the lender intends to accelerate the repayment of... Read Story

April 22, 2014, 07:00 AM

Mid-Con Energy Partners, LP received lender commitments to increase its borrowing base to $170 million, up 13% from the $150 million in previously established commitments under MCEP's existing $250 million senior secured revolving credit facility... Read Story

April 15, 2014, 07:21 AM

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... Read Story

March 26, 2014, 07:21 AM

By order of the U.S. Bankruptcy Court, Tiger Group’s Remarketing Services Division and Aaron Equipment Company Inc. are liquidating an activated carbon processing facility and a biomass power plant formerly owned by Big Island Carbon LLC and its... Read Story

March 11, 2014, 07:21 AM

Lucid Energy Group has finalized a $200 million revolving credit facility to support Lucid’s aggressive growth strategy in the Permian Basin. Together with private equity commitments from EnCap Flatrock Midstream and management, the credit facility... Read Story

March 05, 2014, 07:39 AM

Cloud Peak Energy Inc. announced that it has completed its refinancing of its $500 million revolving credit facility. Michael Barrett, Executive Vice President and Chief Financial Officer, commented, "We are pleased to have extended the tenure of our... Read Story

February 24, 2014, 07:13 AM

Samson Oil and Gas finalized a new credit facility with Mutual of Omaha Bank for up to $25 million, with an initial borrowing base of US$8 million. The facility has a three year term with an interest rate of LIBOR plus 3.75% (approximately 3.908% for... Read Story

January 29, 2014, 07:10 AM

Northern Frac Proppants II, LLC (NFP), an emerging frac sand producer, today announced the successful completion of a $77 million senior secured credit facility consisting of a five-year term loan. Proceeds from the new credit facility will be used... Read Story

December 27, 2013, 07:49 AM

TAB Bank is pleased to announce it has provided a $2 million revolving credit facility for an energy services company located in the Southeast that specializes in servicing off-shore and land-based drilling companies.  The new facility is based on... Read Story

December 04, 2013, 07:43 AM

Comstock Resources, Inc. has entered into a new five year $1.0 billion revolving credit facility with a syndicate of 21 banks, replacing its $750 million bank credit facility.  The new bank facility was arranged by BMO Capital Markets and has an... Read Story

November 26, 2013, 07:17 AM

Eagle Energy Trust announced  that the syndicate of lenders for Eagle's credit facility have completed their annual mid-year review and have approved a $ 9 million increase to the borrowing base under the credit facility to $70 million and an... Read Story

November 04, 2013, 07:22 AM

GB Credit Partners, LLC, the investment management affiliate of Gordon Brothers Group, announced it has co-agented a $30 million debtor in possession (DIP) facility to Green Field Energy Services, a well service provider specializing in hydraulic... Read Story

October 31, 2013, 07:46 AM

Angelo, Gordon & Co. announced the hiring of the new Angelo Gordon Energy Team, comprised of four professionals with substantial, decades-long debt and equity investing experience across all energy industry sectors.  The team and Angelo Gordon's... Read Story

October 25, 2013, 07:52 AM

NGP Capital Resources Company announced that the company has funded a $14.0 million participation in a $180.0 million Second Lien Term Loan (the "Term Loan") to a Houston-based, privately owned, independent oil and gas exploration and production... Read Story

October 07, 2013, 07:19 AM

Just Energy Group, Inc., a competitive retailer of natural gas and electricity, reached agreement with its syndicate of lenders to renew and extend its revolving credit facility for a period of two years from the closing date of October 2, 2013.... Read Story

October 03, 2013, 07:08 AM

CIT Group announced that it arranged a $36 million senior secured credit facility to Punta Lima LLC, owner of the Punta Lima Wind Farm in Puerto Rico. The financing was structured through a sale and leaseback of the facility between Sovereign Bank, N... Read Story

September 26, 2013, 08:02 AM

Competitive Power Ventures, ArcLight Capital and GE Energy Financial Services announced they have closed financing for the $842 million CPV Woodbridge Energy Center. GE is providing financing, advanced power generation technology and services for the... Read Story

September 23, 2013, 07:32 AM

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... Read Story

September 18, 2013, 07:40 AM

American Eagle Energy Corporation closed on a Senior Credit Facility ("Credit Facility") with Morgan Stanley Capital Group Inc. The Credit Facility is a senior secured reserve based credit facility with a maximum potential commitment of up to $200... Read Story

August 20, 2013, 07:14 AM

Uranium Energy Corp. announced that the company and certain of its U.S. subsidiaries have entered into a $20 million senior secured credit facility with Sprott Resource Lending Partnership and CEF (Capital Markets) Limited. Under the credit facility... Read Story

August 01, 2013, 07:10 AM

FX Energy finalized a new five-year, up to $100 Million Senior Reserve Based Lending Facility. BNP Paribas acted as coordinating mandated lead arranger.  ING Bank, present in FX Energy's previous syndicated financing, acted as mandated lead arranger.... Read Story

July 15, 2013, 07:34 AM

CWC Well Services Corp. ("CWC" or the "Company") announced that it has renewed and amended its extendible revolving credit facility effective June 21, 2013. CWC has renewed and amended its credit facility which has been increased to $75 million from... Read Story

June 24, 2013, 07:43 AM

Helix Energy Solutions Group has entered into a credit agreement with a syndicated bank lending group in the amount of $900 million, consisting of a $600 million revolving credit facility and a $300 million term loan. The term loan will be funded in... Read Story

June 20, 2013, 07:52 AM

PowerSecure International announced it has secured a new $25 million, seven year term debt facility. The facility is backed by Citibank and BB&T.The company plans to execute interest rate swaps to achieve a fixed interest rate, which it estimates... Read Story

June 20, 2013, 07:11 AM

Laredo Petroleum Holdings, Inc. ("Laredo" or the "Company") announced that the Company's senior secured credit facility has been amended to increase the borrowing base to $1 billion from $825 million. Following closing of the Company's previously... Read Story

May 30, 2013, 07:09 AM

Republic Business Credit announced it provided a $4 million working capital facility to a growing Gulf Coast based oil field service contractor.The business was looking at many opportunities to expand their services and was being restricted by their... Read Story

May 17, 2013, 08:07 AM

Divestco Inc.  announced it has closed a senior secured finance facility with PNC Bank Canada Branch ("PNC") for up to $11 million. The new facility is comprised of a revolving facility of up to $8 million and a $3 million term loan.Divestco will use... Read Story

May 10, 2013, 07:03 AM

Calpine Corporation, the parent company of Calpine Construction Finance Company, entered into a new credit agreement providing for a first lien senior secured term loan facility comprising (i) a $900 million 7-year term loan B tranche priced at LIBOR... Read Story

May 06, 2013, 07:16 AM

Dynegy Inc. closed $1.775 billion in new credit facilities including $1.3 billion in new senior, secured term loans and a $475 million corporate revolver. The proceeds of the term loans were used, together with cash on hand, to repay existing... Read Story

April 24, 2013, 07:31 AM

Petron Energy II, Inc  closed on a $5 million line of credit facility with TCA Global Credit Master Fund, LP. Petron Energy II, Inc., together with its subsidiaries, engages in the acquisition and development of properties for the production of... Read Story

April 22, 2013, 07:13 AM

Amerisource announced that its ABL division, Amerisource Business Capital, closed and funded a $15 million revolving ABL facility for a Texas-based oilfield and industrial services firm. The company had a $10 million traditional bank line of credit... Read Story

April 17, 2013, 07:13 AM

Oasis Petroleum entered into a Second Amended and Restated Credit Agreement with its bank syndicate. The lenders under the company's revolving credit agreement completed their regular semi-annual redetermination of the borrowing base, resulting in an... Read Story

April 10, 2013, 09:11 AM

Rex Energy Corporation entered into an amended and restated credit agreement to expand its borrowing base under the company's senior secured credit facility from $240 million to $325 million. In addition, the company has extended the maturity of the... Read Story

April 01, 2013, 02:53 PM

Marquette Business Credit provided a credit facility to Loadcraft Industries, which includes a $6 million revolving line of credit and a $3 million equipment term loan. Loadcraft is a leading manufacturer of oilfield related equipment that provides... Read Story

March 06, 2013, 07:52 AM

Adam Capital Clean Energy Asset Finance of Sonoma, CA announced the extension of a $4 million line of credit from New Resource Bank of San Francisco. The extended line of credit will allow the clean energy finance firm to more effectively manage cash... Read Story

December 21, 2012, 08:00 AM

Enviva LP, a leading midstream supplier of sustainably sourced wood pellets and other processed biomass fuel to generators in the United States and Europe, closed on a $120 million senior secured credit facility, the company’s first corporate... Read Story

November 15, 2012, 08:03 AM

Arch Coal launched a $250 million incremental, senior secured term loan due 2018, pursuant to an uncommitted accordion provision in the company's existing revolving credit agreement. Completion of the new term loan offering would reduce the size of... Read Story

November 13, 2012, 07:56 AM

Capital One Bank closed a five-year $23.7 million credit facility for BLSCO Newco, Inc. (d/b/a Big Lake Services). Big Lake Services is an oil well servicing company operating in the Permian Basin in West Texas. Proceeds of the facility will be used... Read Story

November 07, 2012, 09:12 AM

Prospect Capital provided a $21.5 million senior secured loan to support Hasting Equity’s acquisition of CP Well Testing,, a provider of flowback services to oil and gas companies operating in Western Oklahoma and the Texas Panhandle.Based in Elk... Read Story

October 17, 2012, 07:00 AM