FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

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

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

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





Week's News



Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.