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Capital Foundry Funding Provides $5MM Revolver to Energy Services Company

November 03, 2017, 07:00 AM
Filed Under: Energy Services

Capital Foundry Funding, LLC closed the financing of a $5 million revolving line of credit for its client, a Pittsburgh-based energy services company. The financing will help the company continue to grow and scale its operations.

CFF, the alternative-lending division of Capital Foundry, LLC, now has nearly $10 million under management and a pipeline of nearly $50 million in review. This transaction was lead by CEO Neal Shipley, President and Chief Investment Officer Thomas G. Donahue, COO Tony Bellino, and Chief Credit Officer John Fox. Importantly, the financing provides capital for a Pittsburgh-based company, a core value proposition of Capital Foundry’s mission.

The Company supports U.S. onshore drilling related needs of oil and gas companies by providing trucking and logistics services including energy related water transportation, saltwater disposal, traffic management, and material distribution. The financing will provide The Company with the capital to grow and scale its business, sign on new customers, and improve its financial efficiency.

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