esVolta announced completion of a $185 million senior secured credit facility.The credit facility will provide esVolta with access to additional development capital and credit support to secure obligations principally relating to interconnection...
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April 09, 2024, 07:00 AM
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Alvarez & Marsal (A&M) announced the appointments of Gary Rahl and Joseph Halverson as Energy practice Managing Directors. Their joining builds on the recent appointment of Energy practice Senior Advisor Jay Johnson, expands the firm’s clean energy...
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February 01, 2024, 07:20 AM
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Peabody, a leading coal producer, closed a new $320 million senior secured revolving credit facility maturing in January 2028, subject to certain conditions relating to the company's outstanding Convertible Senior Notes due March 1, 2028. Revolving...
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January 19, 2024, 07:55 AM
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Aspen Power, a distributed generation platform with a mission to accelerate and democratize decarbonization, completed three financings totaling $241 million with J.P. Morgan, Lombard Odier, and Mitsubishi UFJ Financial Group, Inc. (MUFG). The...
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January 17, 2024, 07:54 AM
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NextDecade Corporation's wholly owned subsidiary, NextDecade LNG has entered into a credit agreement with MUFG Bank as lender and administrative agent that provides for a $50 million senior secured revolving credit facility and a $12.5 million...
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January 05, 2024, 08:00 AM
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Altus Power announced the closing of secured credit facility having a principal loan amount of $100 million by an affiliate of Goldman Sachs Asset Management and CPPIB Credit Investments III Inc., a subsidiary of Canada Pension Plan Investment Board....
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January 03, 2024, 07:51 AM
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Breakwall Capital, a credit investment firm that services the energy industry, has launched as an independent and employee-owned asset advisor. Breakwall is a seasoned credit investor and energy specialist dedicated to facilitating the growth and...
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January 02, 2024, 08:10 AM
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First Citizens Bank and Jupiter Power announced that First Citizens Bank's Energy Finance business and Jupiter Power have closed on $65.2 million in financing for construction of a 200-megawatt (MW) / 400 megawatt-hour (MWh) battery energy storage...
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December 20, 2023, 07:36 AM
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Oxford Commercial Finance recently provided a $3.035MM Sale Leaseback transaction to an alternative energy developer for a public university based in Connecticut. This fuel cell will provide clean energy to the university and moves the school closer...
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December 13, 2023, 07:00 AM
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First Citizens Bank announced that its Energy Finance business acted as co-lead arranger on a $250 million financing on behalf of a portfolio of 327MW, 1hr duration battery storage projects developed in California by Middle River Power.First Citizens...
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November 17, 2023, 07:32 AM
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First Citizens Bank announced that its Energy Finance business served as lead agent on a $170 million credit facility for esVolta, a leading developer, owner and operator of utility-scale battery energy storage projects in North America. The facility...
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November 15, 2023, 07:27 AM
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Amerisource Business Capital closed and funded a $14,000,000 working capital facility for a Texas-based provider of wireline solutions to the U.S. energy industry. The proceeds will support an ownership transition and anticipated growth. Doug Forbes...
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September 26, 2023, 07:52 AM
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Texas Capital Bancshares, the parent company of Texas Capital Bank and Texas Capital Securities, announced key leadership appointments and enhanced capabilities as part of its Corporate & Investment Bank offerings for the energy sector. Texas Capital...
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September 15, 2023, 07:31 AM
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Mitsubishi UFJ Financial Group (MUFG) announced the refinancing of $500 million in credit facilities for Invenergy Thermal Operating I (“ITOI”), a 2.29 GW natural gas-fired power generation portfolio jointly owned by Invenergy and InfraBridge, and...
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September 07, 2023, 07:07 AM
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First Citizens Bank's Energy Finance group, part of the CIT division, served as sole lead arranger on $211 million in financing for the 200-megawatt Oak Solar power plant in Gaston, North Carolina. SunEnergy1 LLC, based in Mooresville, North Carolina...
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July 26, 2023, 07:04 AM
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Spark-Binder Capital closed a $12 million credit facility for a company in the midstream energy sector. The company provides turnkey design and fabrication of measurement systems along with an array of additional high-quality systems for various...
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July 21, 2023, 08:05 AM
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First Citizens Bank announced that its Energy Finance group, part of the CIT division, served as the Coordinating Lead Arranger on a $70.4 million construction and term loan financing facility for two standalone battery energy storage projects in...
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July 18, 2023, 07:35 AM
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Alpine Summit Energy Partners and certain affiliates and related companies announced that, after evaluating a variety of strategic alternatives, it has filed for voluntary chapter 11 relief in the U.S. Bankruptcy Court for the Southern District of...
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July 10, 2023, 07:50 AM
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Natixis Corporate & Investment Banking (Natixis CIB) closed a US$364 million financing for a portfolio of a solar photovoltaic utility-scale and PMGD plants in Chile, owned and operated by Solek Holding SE (Solek) (the "Sponsor"). The portfolio has a...
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May 31, 2023, 07:55 AM
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Capital One made a $90 million tax equity investment in the 120 megawatt (MW) Jackpot Solar project, which, upon completion, is expected to be the largest solar facility in Idaho. The sponsor, Duke Energy Renewables, is a leading U.S. developer of...
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April 10, 2023, 07:00 AM
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OYA Renewables ("OYA"), a leading energy transition solutions platform, secured backing from City National Bank (CNB), a wholly-owned US subsidiary of Royal Bank of Canada – with a US$27.1 million long-term loan facility. In addition to this, OYA...
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March 27, 2023, 07:25 AM
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Scale Microgrids (“Scale”) recently closed a first of its kind non-recourse project finance debt facility to fund the construction and operations of a portfolio of microgrids, combined heat and power (CHP) systems, community solar, rooftop solar...
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March 10, 2023, 07:36 AM
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Houlihan Lokey announced that Daniel East has joined the firm’s Capital Markets Group as a Managing Director. East is based in Houston and will predominantly partner with the firm’s Oil & Gas Group as well as Houlihan Lokey’s Power & Utilities team...
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February 17, 2023, 07:41 AM
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North Hudson Resource Partners, a Houston-based energy investment firm, launched of its inaugural credit fund, North Hudson Energy Credit Partners LP (“NH Energy Credit”). NH Energy Credit seeks to deploy $275 million of capital to support...
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February 06, 2023, 07:47 AM
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Mountain Ridge Capital and Great Rock Capital jointly announced the closing of a senior secured credit facility for HOP Energy, LLC (“HOP”). Founded in 1995 and headquartered in White Plains, NY, HOP Energy is a market-leading home services provider...
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January 30, 2023, 07:45 AM
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Clean Energy Fuels Corp., the largest provider of the cleanest fuel for the transportation market, entered into a four-year $150 million sustainability-linked senior secured term loan with Riverstone Credit Partners L.P., a dedicated credit...
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December 28, 2022, 07:53 AM
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Altus Power closed on a revolving credit facility which provides the company with up to $200 million in financing to support its growth of assets and ability to serve additional customers with solar energy generation, storage and vehicle charging....
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December 21, 2022, 07:03 AM
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Eclipse Business Capital provided a $100 million senior secured revolving credit facility to BJ Energy Solutions.The credit facility is secured by accounts receivable and real estate. The transaction was used to refinance outstanding debt and to fund...
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December 13, 2022, 07:55 AM
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Alvarez & Marsal (A&M) issued its 2022 / 2023 Energy Compensation Report which analyzes executive and board of directors compensation arrangements at the largest US exploration & productions (E&P), oilfield services (OFS) and clean energy (Clean...
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December 07, 2022, 07:27 AM
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Priority Power Management, a leader in energy optimization and infrastructure offering smart energy solutions and streamlined transitions to carbon neutrality, successfully refinanced its existing debt and increased its credit facility from $85...
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November 17, 2022, 07:32 AM
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Haynes and Boone's fall 2022 Borrowing Base Redeterminations Survey, released Oct. 17, 2022 reflects a sense of caution in the energy industry, with many respondents expecting producers’ borrowing capacity to remain relatively flat. The survey’s...
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October 18, 2022, 07:07 AM
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Six One Commodities closed a $745 million, one-year revolving borrowing base credit facility. The Facility was expanded from $540 million by its existing financial institutions, a globally diverse group of six European, North American, and Asian...
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September 29, 2022, 07:50 AM
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Alvarez & Marsal (A&M) announced the appointment of Houston-based energy industry consultant Venkat Krishnan as Senior Director in the firm’s U.S. Energy group. Mr. Krishnan’s hire underscores the strategic expansion of the firm’s energy practice as...
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August 31, 2022, 07:08 AM
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Comerica named Joe Ursuy to the new role of Executive Vice President, National Businesses for Energy, Renewables and Waste. He will report to Mike Ritchie, Executive Vice President, Head of National and Specialty Businesses.Ursuy most recently served...
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August 23, 2022, 07:54 AM
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Amerisource Business Capital closed and funded a $4,000,000 senior credit facility for a Texas-based energy services firm. Following a recent merger, the proceeds were used to provide working capital for the company’s ongoing needs. Allison Billings...
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August 02, 2022, 07:35 AM
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Alvarez & Marsal (A&M) continues the growth of its Valuation Services (VS) practice with the additions of Managing Director David Juneau in Houston and Senior Director Caroline Walters in Dallas. Together, Mr. Juneau and Ms. Walters will bring more...
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July 27, 2022, 07:40 AM
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Alvarez & Marsal (A&M) announced the appointment of Houston-based energy industry consultant Trish Collins as Senior Director in the firm’s U.S. Energy practice. Prior to joining A&M, Ms. Collins spent the last four years working with major...
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July 15, 2022, 07:45 AM
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Via Renewables, an independent retail energy services company, closed a new three-year $195.0 million senior secured borrowing base credit facility to replace its existing senior secured credit facility. Woodforest National Bank is the Administrative...
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July 06, 2022, 07:36 AM
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Producers Midstream II, LLC, a Dallas-based portfolio company of Tailwater Capital focused on providing a full suite of turnkey midstream solutions to producers across the U.S., secured a new syndicated credit facility led by Texas Capital Bancshares...
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June 24, 2022, 07:40 AM
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Alvarez & Marsal (A&M) appointed Houston-based Francois Bardi and Dallas-based John Corrigan as Managing Directors in the firm’s U.S. Energy practice. The joining of Messrs. Bardi and Corrigan underscores A&M’s commitment to help energy clients seek...
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June 03, 2022, 07:45 AM
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MidCap Business Credit completed a $12 million asset-based credit facility to Responsible Energy Operations (REO). The Company, headquartered in Petersburg, IN, is a thermal coal mining and processing business.The opportunity was sourced out of...
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May 24, 2022, 08:00 AM
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Cypress Creek Renewables and Investec closed a $125 million debt facility to further fund the growth of Cypress Creek's solar and storage pipeline. The facility is the second of its kind that Cypress Creek and Investec have closed together.Investec...
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May 09, 2022, 06:00 AM
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Great Rock Capital provided $25.0 million of liquidity through a senior secured credit facility to support Natural Gas Compression Systems (“NGCS”), a Michigan-based full-service gas compression equipment and service business throughout the United...
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April 28, 2022, 07:36 AM
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Bridgelink Power, a leading developer, constructor, and operator of utility-scale solar and energy storage projects, closed a senior secured revolving credit facility for up to $200 million with Crayhill Capital Management. The Facility will finance...
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April 13, 2022, 07:47 AM
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Ameresco, a leading energy efficiency and renewable energy company, entered into an amendment and restatement to the company’s current senior secured credit facility with a group of lenders led by Bank of America. This amendment and restatement...
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March 08, 2022, 07:50 AM
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Apollo launched a comprehensive sustainable investing platform focused on financing and investing in the energy transition and decarbonization of industry. Across asset classes, Apollo targets deploying $50 billion in clean energy and climate capital...
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February 25, 2022, 08:00 AM
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FTI Consulting announced the continued investment in its Power, Renewables & Utilities practice within the Corporate Finance & Restructuring segment with the appointment of Oscar Mascarenhas as a Managing Director.Mascarenhas, who is based in Houston...
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February 15, 2022, 07:14 AM
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Blank Rome announced that David E. Kronenberg has joined the firm as an energy finance partner in the Finance, Restructuring, and Bankruptcy practice group and as a member of the firm’s cross-practice Energy Industry Team, and will be based in the...
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January 26, 2022, 07:24 AM
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Mercuria's North American operating entities closed its $2,200,000,000 multi-year senior secured borrowing base credit facility. The Facility was over-subscribed, enabling Mercuria to increase the size by $500,000,000 and add a 2-year tranche. The...
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December 08, 2021, 07:42 AM
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Amerisource Business Capital closed and funded a $6,000,000 senior credit facility for a Texas-based energy infrastructure firm. The proceeds were used to support the company’s expected growth. Doug Forbes, Regional Market Manager for Amerisource...
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December 06, 2021, 08:00 AM
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Summit Midstream Partners announced that Summit Midstream Holdings, LLC, a Delaware limited liability company, and Summit Midstream Finance Corp., a Delaware corporation, which are subsidiaries of the Partnership, closed a private offering of...
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November 03, 2021, 07:21 AM
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Orion Engineered Carbons, a leading global supplier of specialty and high-performance carbon black, announced the successful issuance of a $650 million-equivalent 7-year sustainability-linked Term Loan B, across Euros and U.S. Dollars. With this...
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October 07, 2021, 07:00 AM
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AlixPartners announced that Irfan Bidiwala, a seasoned expert in the energy and a wide range of industrial sectors has joined as a Managing Director. He will be based in AlixPartners’ Houston office. Irfan brings extensive experience in unlocking...
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September 14, 2021, 07:30 AM
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Diversified Energy Company announced its lenders, led by KeyBank, have completed an amendment to the Company's senior secured credit facility highlighted by an increase to the borrowing base to $625 million and inclusive of a maturity extension and...
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August 19, 2021, 07:35 AM
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B. Riley Advisory Services, a subsidiary of B. Riley Financial Inc, has been retained as restructuring advisor for Limetree Bay Refining, LLC.Limetree Bay Refining, LLC and several of its affiliates (collectively, “Limetree Bay” or the “Company”) has...
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July 15, 2021, 08:00 AM
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Opportune LLP announded that Jonathan Harms has been promoted to Managing Director. Mr. Harms brings 15 years of structuring/transaction experience in upstream and midstream capital products, commodities risk management instruments, and off-balance...
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May 14, 2021, 06:00 AM
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Contango Oil & Gas Company amended and expanded its Senior Credit Facility led by JPMorgan Chase Bank under which the borrowing base has been increased from $120 million to $250 million.On May 3, 2021, the Company entered into the Fifth Amendment to...
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May 05, 2021, 08:00 AM
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KKR announced three appointments to the firm’s Global Infrastructure team. Energy transition industry veterans Tim Short and Benoit Allehaut joined the firm as Managing Directors and Benjamin Droz as a Principal. Based in New York, Messrs. Short...
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April 12, 2021, 07:43 AM
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FTI Consulting announced the appointment of Miriam Wrobel as a Senior Managing Director in the Power & Renewables practice within the Corporate Finance & Restructuring segment at FTI Consulting, enhancing the firm’s clean energy strategic advisory...
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March 02, 2021, 08:00 AM
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CIT Group announced that its Power and Energy business led a $69 million financing for a portfolio of solar facilities owned and operated by Strata Solar LLC, a leading integrated solar and storage energy service provider based in North...
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January 14, 2021, 06:50 AM
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Alvarez & Marsal (A&M) has appointed Patrick Hickey as a Managing Director in the firm’s Houston-based Energy group within its Corporate Performance Improvement (CPI) practice. Mr. Hickey’s appointment, combined with his 30-year energy and financial...
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January 07, 2021, 08:00 AM
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The U.S. high yield default rate is poised to reach 5% in June for the first time since July 2016, up from 4.6% at May 31 driven by energy defaults, according to a new Fitch Ratings report."Default volume tallied a heavy $32.7 billion over the past...
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June 12, 2020, 09:15 AM
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Simmons Energy, a division of Piper Jaffray, has named Spencer Rippstein, Andrew Schroeder and Sanjiv Shah as co-heads of energy investment banking, effective immediately. Fred Charlton, current chairman, managing director and head of energy...
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July 31, 2019, 09:00 AM
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Rimrock Energy Partners, LLC announced a senior secured credit facility of $200 million led by BOK Financial. The proceeds from this facility will be used to support the buildout of REP’s natural gas gathering and processing system which serves...
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March 12, 2019, 07:00 AM
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Global power and utilities transactions attained an all-time high in 2018, increasing 28% in overall deal value to $256.3 billion with a record volume of 546 deals, according to the EY report Power transactions and trends Q42018.
Europe contributed...
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February 25, 2019, 08:05 AM
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Prudential Capital Group has appointed Debra Hemsey as managing director of Prudential Capital Energy Partners (PCEP), the middle-market energy mezzanine fund business sponsored by Prudential Capital Group. The appointment comes on the heels of the...
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February 21, 2019, 08:05 AM
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LBC Credit Partners announced an increase in the Albireo Energy credit facility to support the acquisition of EMS Technologies (EMS). The purchase of EMS is the 10th add-on acquisition for the Albireo Energy platform since it was launched by Huron...
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February 15, 2019, 07:24 AM
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Great American Capital Partners, LLC (GACP), a B. Riley Financial company, announced it has acted as administrative agent for a $200 million senior secured term loan to BJ Services, LLC. The transaction will provide additional financial flexibility...
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February 04, 2019, 07:22 AM
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PG&E Corporation and its primary operating subsidiary, Pacific Gas and Electric Company filed voluntary petitions under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Northern District of California.
Throughout...
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January 30, 2019, 09:20 AM
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SSG Capital Advisors, LLC (SSG) acted as the investment banker to Francis' Drilling Fluids, Ltd., d/b/a FDF Energy Services in the sale of substantially all of its assets to an affiliate of Prophet Equity (Prophet). The sale was effectuated through a...
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January 29, 2019, 07:20 AM
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PG&E Corp., which is slated to file Chapter 11 on Jan. 29, announced that it entered into a commitment letter for debtor-in-possession financing with JPMorgan Chase Bank, N.A, Bank of America, N.A., Barclays Bank PLC and Citigroup Global Markets Inc....
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January 23, 2019, 07:33 AM
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The EnLink Midstream companies (EnLink), EnLink Midstream, LLC (ENLC), the General Partner, and EnLink Midstream Partners, LP (ENLK), the Master Limited Partnership, announced that ENLK has entered into an $850 million, three-year unsecured term...
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December 13, 2018, 08:00 AM
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Laredo Energy VI, LP announced that it closed a $200 million Senior Secured Delayed Draw Term Loan Facility maturing on November 18, 2021.
Laredo used the proceeds from the Term Loan to pay down all borrowings under the Company’s revolving credit...
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November 30, 2018, 08:00 AM
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Gastar Exploration Inc. announced that it has entered into a restructuring support agreement with the Company's largest (and only) funded-debt creditors and largest common shareholders, certain funds affiliated with Ares Management LLC. Subject to...
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October 29, 2018, 07:14 AM
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Regions Bank announced that Michael Kolosowsky has joined the Energy & Natural Resources Group as a Managing Director with an emphasis on covering corporate clients across the midstream, power, and project finance segments to support Regions’ capital...
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October 29, 2018, 07:04 AM
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KLX Energy Services Holdings, Inc. entered into a Unit Purchase Agreement by and among the Company, KLX Energy Services LLC, a wholly-owned subsidiary of the Company, agreed to acquire 100% of the outstanding units of Motley Services, LLC (Motley)...
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October 23, 2018, 07:05 AM
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ING Capital LLC announced that it has closed a $25 million credit facility with Petros PACE Finance, a Commercial Property Assessed Clean Energy (C-PACE) lender in the U.S. The facility has a unique structure which enables Petros to aggregate assets...
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October 12, 2018, 07:14 AM
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Funds managed by affiliates of Apollo Global Management, LLC together with its consolidated subsidiaries, and GE Capital announced they have entered into a definitive agreement for the Apollo Funds to acquire an approximately $1 billion portfolio...
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October 09, 2018, 07:30 AM
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Northern Oil and Gas, Inc. announced that it has closed an agreement with Royal Bank of Canada, as administrative agent, and a syndicate of lenders under a new $750 million first lien revolving credit facility. RBC Capital Markets, ABN AMRO, Capital...
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October 08, 2018, 07:57 AM
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Diamond Offshore Drilling, Inc., as the U.S. borrower, and the Company’s wholly owned subsidiary, Diamond Foreign Asset Company, a Cayman Islands exempted company (DFAC), as the foreign borrower, entered into a senior 5-Year Revolving Credit...
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October 08, 2018, 07:08 AM
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Natixis announced that, together with Sumitomo Mitsui Banking Corporation (Sumitomo), it has co-led financing for the just-closed syndication of a $400 million senior secured facility for Prime Energía SpA (Prime Energía), an independent power...
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October 02, 2018, 07:09 AM
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Haynes and Boone, LLP released its Fall 2018 Energy Roundup, a comprehensive report on the industry that reflects an improved outlook for oil and gas producers.
The Energy Roundup includes the firm’s latest “Borrowing Base Redeterminations Survey,”...
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September 28, 2018, 07:11 AM
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Charah Solutions, Inc., a provider of mission-critical environmental and maintenance services to the power generation industry, announced that it entered into a new $280 million senior credit facility, which includes a refinancing of its $205 million...
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September 24, 2018, 07:57 AM
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Enterprise Products Partners L.P. announced that its operating subsidiary, Enterprise Products Operating LLC (EPO), has entered into a new 364-day revolving credit facility.
Citibank, N.A. served as as Administrative Agent of the facility, which...
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September 17, 2018, 07:08 AM
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Chesapeake Energy Corporation announced it has amended and restated its senior secured revolving credit facility agreement. The amended and restated facility received initial commitments from 15 institutions totaling $3.8 billion, which exceeded the...
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September 13, 2018, 07:17 AM
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Regions Bank announced that Ryan Stash has joined the Energy & Natural Resources group as a Managing Director with an emphasis on covering corporate clients and prospects across the entire energy platform to support Regions’ capital markets expansion...
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September 12, 2018, 07:00 AM
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FS Energy and Power Fund (FSEP) announced it has raised over $1 billion of debt financing that simplifies its capital structure, diversifies its funding sources, enhances its matching of asset and liability duration, and ultimately allows for greater...
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August 20, 2018, 07:04 AM
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Mizuho Americas announced the strengthening of its North American Banking coverage with three new Managing Director appointments. Andrew Karnovsky will cover automotive, Angela McCracken will focus on energy, and Heidi Sandquist will cover food and...
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August 15, 2018, 08:08 AM
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Northland Power Inc. announced it has entered into a $1.25 billion corporate credit facility with a syndicate of 12 financial institutions led by Canadian Imperial Bank of Commerce, Bank of Montreal and National Bank Financial.
The new credit...
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June 26, 2018, 07:00 AM
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Generac Power Systems entered into a Second Amended and Restated Credit Agreement among the Borrower, Generac Holdings UK Limited, as U.K. Borrower, certain domestic subsidiaries of the Borrower, Generac Acquisition Corp., the lenders party thereto...
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June 14, 2018, 07:05 AM
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Global power and utilities (P&U) deal value rose to an all-time quarter high of $97 billion in the first quarter of 2018, with 15 multi-billion-dollar deals alone accounting for 90% of deal value. That is according to EY report Power transactions and...
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June 11, 2018, 07:09 AM
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EV Energy Partners, L.P. announced that it has successfully completed its financial restructuring and has emerged from Chapter 11 as a new corporation under the name Harvest Oil & Gas Corp. Through the restructuring, Harvest has eliminated...
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June 05, 2018, 07:09 AM
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Superior Plus Corp. announced that it has entered into an agreement with NGL Energy Partners LP to acquire all of the outstanding equity interest in NGL Propane, LLC, NGL Energy’s retail propane distribution business, for total cash consideration of...
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May 31, 2018, 08:00 AM
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CIT Group Inc. announced that CIT Northbridge Credit, its joint venture financing unit, served as sole lead arranger on a $20 million senior secured revolving and term loan credit facility for Greene’s Energy Group, LLC.Greene’s Energy Group...
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May 25, 2018, 07:08 AM
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Hallador Energy Company entered into a new $267 million credit agreement with PNC Bank as the administrative agent, extending the term of the agreement through May 2022.The $267 million facility is comprised of a $147 million term loan and a $120...
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May 22, 2018, 07:08 AM
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Apergy entered into a new credit agreement consisting of a seven-year senior secured term loan B facility and an undrawn five-year senior secured revolving credit facility with JPMorgan Chase Bank, N.A. as administrative agent.The proceeds of the...
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May 11, 2018, 07:10 AM
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CIT Group Inc., a provider of commercial lending and leasing services, today announced that its Commercial Finance division's Energy Finance unit served as sole lead arranger and administrative agent for approximately $79 million in financing for...
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May 08, 2018, 07:00 AM
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Delek US Holdings, Inc. announced that it has closed on a new $1.0 billion senior secured revolving ABL credit facility and a $700.0 million senior secured term loan B. These Facilities are expected to simplify the debt structure as they consolidate...
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April 02, 2018, 08:00 AM
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CIT Group Inc. announced that CIT Northbridge Credit served as sole lead arranger on a three-year, $20 million senior secured revolving and term loan credit facility for Arkos Field Services LP, a leading provider of aftermarket services to the...
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March 29, 2018, 07:15 AM
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MidCap Business Credit completed a $7 million revolving credit facility for Unipower, LLC. The facility was used to refinance the company’s existing senior debt and to support the company’s growth plans and working capital needs.
Headquartered in...
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March 28, 2018, 07:00 AM
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Diversified Gas & Oil PLC, a U.S.-based acquirer and operator of oil and gas producing assets, has entered into a $500 million, five-year, senior secured revolving credit facility with a syndicate of seven U.S. banks, led by KeyBank N.A. KeyBanc...
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March 19, 2018, 07:00 AM
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Crestmark Executive Vice President Larry Pearce announced Crestmark’s expansion of its funding capabilities to provide several options to the growing solar energy market. Crestmark offers several financing programs to help business owners looking to...
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March 15, 2018, 07:07 AM
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EV Energy Partners, L.P. and its subsidiaries announced that the company entered into a restructuring support agreement (RSA) with certain holders of approximately 70% of its 80% senior notes due 2019 and lenders holding approximately 94% of the...
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March 14, 2018, 07:33 AM
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CNX Midstream Partners announced that it has entered into a new senior secured revolving credit facility, which replaces the Company's prior facility. The Credit Facility expands CNX Midstream's borrowing capacity by $350 million to $600 million...
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March 12, 2018, 07:44 AM
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Madava Financial, a private, energy-focused finance company, announced its official launch along with news of its first transaction. Madava is led by chairman Robb Turner and president Mark Green, both successful energy finance professionals.
Madava...
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March 06, 2018, 08:01 AM
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FTS International, Inc. entered into a Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, and the several lenders party thereto, pursuant to which the Lenders agreed to provide the Company an asset-based lending...
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February 26, 2018, 07:35 AM
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Diversified Gas & Oil PLC, a U.S.-based acquirer and operator of oil and gas producing assets, announced the commitment of a new $500 million, five-year senior secured revolving credit facility led by KeyBank. The Facility will be subject to an...
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February 21, 2018, 07:21 AM
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Hilco Redevelopment Partners, a unit of Hilco Global, announced today the purchase and acquisition of the Crawford Power Generating Station site from NRG Energy in Chicago’s Little Village neighborhood.The Crawford site previously operated as a...
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February 16, 2018, 07:12 AM
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Crystal Financial LLC announced the completion of a $20.0 million Senior Credit Facility for Stone Road Energy (SRE). Headquartered in Bridgeton, ME, SRE is a leading provider of fuel delivery services for both the residential and commercial markets...
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February 07, 2018, 07:07 AM
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Greenbacker Renewable Energy Company entered into a credit agreement with Fifth Third Bank as administrative agent, as sole lead arranger and sole lead bookrunner, as well as swap counterparty. The new credit facility consists of a loan of up to the...
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January 15, 2018, 07:17 AM
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Emerge Energy Services LP announced that it has entered into a $75 million Second Amended and Restated Revolving Credit and Security Agreement among the Partnership, the subsidiary borrowers, and PNC Bank, National Association, as administrative...
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January 08, 2018, 07:27 AM
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SunTrust Robinson Humphrey (STRH), the corporate and investment bank of SunTrust Banks, Inc. announced it has hired Ken Brandes as a Managing Director in its Energy Investment Banking group. Brandes will lead midstream sector coverage for the firm...
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December 15, 2017, 07:24 AM
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South African chemicals and energy company Sasol has signed a $3.9 billion five-year Revolving Credit Facility, an increase from its existing $1.5 billion Revolving Credit Facility, extended the maturity to five years, with the inclusion of two...
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November 27, 2017, 08:00 AM
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Sidley Austin LLP announced that it will add a highly sought-after team of five partners to its Capital Markets and M&A practices, four of whom – David Buck, Jon Daly, Angela Richards and George Vlahakos – will be based in its Houston office, with...
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October 26, 2017, 07:27 AM
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On Point Oilfield Holdings, LLC successfully closed on a $250 million senior credit facility with Texas Capital Bank. On Point is an oilfield fluids waste solutions company that acquires, develops, and operates saltwater disposal wells and saltwater...
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October 06, 2017, 07:02 AM
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Vitol S.A., an energy and commodities company, announced that it has closed syndication of a new US$ 8.0 billion revolving credit facility.The Facility comprises a 3-year tranche and a 364-day tranche, with over US$7.0bn commitments in the 3-year...
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October 05, 2017, 07:05 AM
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Carl Marks Advisors, a corporate restructuring and investment banking firm serving middle market companies and Carl Marks Securities, LLC, the broker-dealer affiliate, capped off a busy and productive summer with the completion of three complex...
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October 02, 2017, 07:13 AM
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Vantage Commodities Financial Services, LLC (Vantage) announced that it has provided a $10 million credit facility to GB Power, a retail energy company based in Texas.Commenting on the financing, Vantage's President, Sumit Takkar stated "We are...
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September 15, 2017, 07:00 AM
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Seadrill Limited has entered into a restructuring agreement with more than 97 percent of its secured bank lenders, approximately 40 percent of its bondholders and a consortium of investors led by its largest shareholder, Hemen Holding Ltd. The...
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September 13, 2017, 07:01 AM
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Carl Marks Advisors, a corporate restructuring and investment banking firm serving middle market companies, announced the promotion of Brian Williams to Partner. With a primary focus in the energy industry, Williams has 20 years of strategic advisory...
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August 25, 2017, 07:21 AM
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Energy and petroleum bankruptcy filings have continued to dwindle over the summer; however pricing pressures could lead to renewed distress in the sector in the coming months, law firm Haynes & Boone reports. The pace of bankruptcy filings by North...
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August 14, 2017, 08:00 AM
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Fewer energy companies filed for bankruptcy in 2017, but the sector is still rife with opportunities for distressed/turnaround investors, according to George Putnam, III, author of The Turnaround Letter. Putnam's newly released Mid-Year Bankruptcy...
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August 10, 2017, 07:15 AM
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Kingfisher Midstream, LLC, a private gathering and processing midstream company, has entered into a $200 million senior secured revolving credit facility with ABN AMRO Capital USA, LLC as Administrative Agent, Book Runner and Lead Arranger. East West...
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August 10, 2017, 07:07 AM
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Blackstone announced that Stephen R. Bolze, former President & CEO of General Electric’s $28 billion Power business, will join Blackstone as a Senior Managing Director and Head of Portfolio Operations and Asset Management for Blackstone’s newly...
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August 04, 2017, 07:28 AM
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Global firms providing distressed debt and bankruptcy restructuring services completed deals valued at $105.9 billion during the first half of 2017, a 28% increase over the same period last year, according to data from Thomson Reuters published by...
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July 18, 2017, 08:01 AM
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Hornbeck Offshore Services, Inc. announced that the company has refinanced its existing $200 million senior secured revolving credit facility with a new first-lien delayed-draw credit facility providing for up to $300 million of term loans. The...
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June 16, 2017, 07:06 AM
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Marquee Energy Ltd. announced key steps that have been taken to increase growth, value and liquidity. The company has entered into a term loan with Crown Capital Fund IV, LP, an investment fund managed by Crown Capital Partners Inc. and has closed a...
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May 31, 2017, 07:09 AM
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2017's first quarter was grim for retailers, as bankruptcy filings continued to escalate, with no sign of decreasing in the foreseeable future, proving the "Amazon Effect" is not a fluke. Energy industry filings are expected to continue in the second...
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May 12, 2017, 07:38 AM
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Ygrene Energy Fund, a national provider of residential, commercial and multifamily PACE (property assessed clean energy) financing, announced that it has upsized its warehouse credit line to $410 million. Deutsche Bank, SunTrust Robinson Humphrey...
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April 07, 2017, 07:08 AM
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Lending to the U.S. oil and gas industry is expected to expand in 2017, according to a new report from Haynes & Boone that projects a modestly improved outlook for the sector.In its “Borrowing Base Redeterminations Survey: Spring 2017,” the firm...
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April 06, 2017, 07:18 AM
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Private equity firm Energy Impact Partners (EIP) announced that it has established a credit group to support U.S.-based small and middle-market businesses, with a specific focus on energy impact-related investments. The group will primarily offer...
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April 05, 2017, 07:12 AM
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Forbes Energy Services Ltd.announced that the plan of reorganization under Chapter 11 of the United States Bankruptcy Code of Forbes and its domestic subsidiaries has been confirmed by the U.S. Bankruptcy Court for the Southern District of...
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March 31, 2017, 07:13 AM
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Vivint Solar, a leading full-service residential solar provider, announced that it has extended the term of the availability period for borrowing under its aggregation credit facility by an additional three years to March 2020 and the final maturity...
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March 13, 2017, 07:17 AM
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Vertex Energy, Inc., a refiner and marketer of high-quality specialty hydrocarbon products, announced that it has entered into funding agreements with Encina Business Credit, LLC (EBC) providing for up to $30 million of senior secured debt. The...
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February 08, 2017, 07:38 AM
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Prudential Capital Group, a leading source of private capital for public and private companies, and One Energy Enterprises LLC, announced the closing of an $80 million financing combination of senior and subordinated debt. Prudential Capital Group is...
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January 16, 2017, 07:51 AM
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Vivint Solar, Inc., a full-service residential solar provider, announced today it has closed a fixed-rate, 18-year term debt facility with four institutional investors, totaling $203 million. The new debt facility is a fully amortizing loan that...
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January 12, 2017, 07:00 AM
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Debtor-in-possession (DIP) financings are frequently being left out of the equation for the current crop of bankrupt energy firms as many opt for pre-negotiated bankruptcy plans to speed up the restructuring process and rely on cash, according to...
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May 24, 2016, 07:39 AM
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Reuters reports that cash-strapped energy firms are coming under increasing pressure from U.S. bank lenders and, on average, could see a 15 percent to 20 percent cut in their credit lines. The Reuters article references comments the head of JP...
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February 24, 2016, 07:49 AM
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Midstream transactions drove oil and gas strategic dealmaking efforts in the second quarter of 2015 as companies adapt their operations and business objectives to the lower oil price environment, according to PwC US. In total, mergers and...
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August 10, 2015, 07:59 AM
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Mike Richter and Enhanced Capital Group, LLC announced the formation of Advanced Generation & Efficiency, LLC ("AG&E"), a joint venture to finance, construct, own and operate distributed generation and energy efficiency projects across the United...
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August 10, 2015, 07:46 AM
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According to report from Richmond Times-Dispatch, James River Coal, which filed for Chapter 11 bankruptcy protection on April 7, said it could no longer sustain its debt load after a steep decline in prices and demand for the coal it mines in the...
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April 21, 2014, 06:26 AM
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Deloitte Corporate Finance LLC ("DCF") is acting as financial advisor to Wyoming-based Elkhorn Holdings, Inc. ("Elkhorn"), a leading employee-owned, turnkey provider of infrastructure construction and maintenance services to high-growth U.S. energy...
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November 12, 2013, 07:48 AM
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Bloomberg reports Energy Future Holdings Corp. has lined up $4.4 billion of loans in the event the Texas power generator ever files for bankruptcy protection. According to the Bloomberg report, the financing which is currently under negotiation will...
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November 04, 2013, 07:18 AM
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CIT Group announced that it arranged a $100 million senior secured credit facility for AWCC Holdings LLC, a subsidiary of American Wind Capital, to acquire a portfolio of land leases and lease royalties from solar projects from Hawaii to New York....
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September 18, 2013, 07:45 AM
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Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors, announced today the acquisition of Appraisal Systems, Inc., (ASI) a widely recognized...
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September 10, 2013, 07:19 AM
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Capital One Securities, Inc., today announced the appointment of two new Senior Managing Directors to expand its Energy Banking division. Russ Johnson and Bob Mertensotto will co-head the Houston Energy Banking office; Johnson will join as Head of...
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August 29, 2013, 07:56 AM
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Willbros Group announced that it will pursue a refinancing of its outstanding term loan and revolving credit facilities. The company expects the refinancing to enable it to borrow new funds at a lower interest rate, to extend the maturity of its debt...
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July 08, 2013, 08:02 AM
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Mandalay Resources Corporation announced an amendment to its secured revolving credit facility effective Jun. 28, 2013. The company's revolving credit facility, arranged by BMO Capital Markets, was originally entered into by the company on May 30...
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July 03, 2013, 07:08 AM
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Oxford Resource Partners has successfully completed a refinancing of its credit facilities that significantly enhances the partnership's financial flexibility and puts it in a stronger position to participate in a coal market rebound.The partnership...
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June 25, 2013, 08:11 AM
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AlixPartners announced that Dennis Cassidy has joined as a managing director and co-lead of the firm's Energy Practice. Cassidy, who has more than 20 years of industry and consulting experience leading strategy-based transformation, growth and profit...
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June 03, 2013, 07:14 AM
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Martin Midstream Partners entered into a new secured revolving credit facility with lender commitments of $600 million. The newly amended agreement upsizes the facility from $400 million and extends the tenor of the facility by over two years with a...
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April 02, 2013, 07:23 AM
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