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Zions Bank Completes $50MM Asset-Based Credit Facility with Oil and Gas Distributor

January 24, 2024, 07:53 AM
Filed Under: Energy Services

Zions Bancorporation, through its Utah division, Zions Bank closed and funded a $50 million credit facility for a distributor of oil and natural gas and service company. The credit facility consisted of a multi-year revolving line of credit.
 
Proceeds of the credit facility were used to provide ongoing working capital needs.







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