eCapital secured a $45 million asset-based lending (ABL) facility for a privately held energy services company based in Texas.The client, a leader in specialized well services, provides technology-focused products across the energy sector. After six...
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November 25, 2024, 08:03 AM
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eCapital successfully completed a $30 million asset-based lending (ABL) facility for an established energy services company. The funding will support a significant Employee Stock Ownership Plan (ESOP) transaction, marking a pivotal milestone in the...
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November 14, 2024, 07:48 AM
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Helix Energy Solutions Group amended its existing asset-based revolving credit facility (the “ABL Facility”) as of August 2, 2024. The amendment extends the term of the ABL Facility from September 30, 2026 to August 2, 2029 subject to earlier senior...
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August 05, 2024, 07:45 AM
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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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Amerisource Business Capital closed and funded a $10,000,000 acquisition and working capital facility for a Texas-based provider of wireline solutions, including perforating, logging, pipe recovery, and other wireline services to the US energy...
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January 18, 2024, 08:00 AM
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VoltaGrid entered into a senior secured revolving credit facility. The Facility provides the Company immediate access to $60 million, and up to $150 million under certain conditions. BMO Capital Markets is acting as administrative agent for the...
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July 22, 2022, 07:44 AM
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GridLiance High Plains, an independent transmission company and subsidiary of GridLiance Holdco, LP (GridLiance), recently closed on a $65 million revolving credit facility with KeyBank, N.A. The revolver will be used to finance the company’s growth...
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October 12, 2018, 07:14 AM
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Star Group, L.P., a home energy distributor and services provider, announced that it has entered into a fourth amended and restated asset-based revolving credit facility, which expires in July 2023 and provides the ability to borrow up to $300...
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July 03, 2018, 07:00 AM
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Sallyport Commercial Finance provided a $4,000,000 working capital facility, including a $720,000 Term Loan as part of an Acquisition finance package to support the purchase of a Gas, Diesel and Propane distribution business out of bankruptcy in...
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April 02, 2018, 07:06 AM
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New Jersey Resources Corporation (NJR), a regfional provider of retail and wholesale energy services, has entered into a 4-Month $75 million Revolving Line of Credit Facility with PNC Bank. The Revolver is scheduled to terminate on April 14, 2018....
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December 20, 2017, 07:20 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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Hitachi Business Finance, a division of Hitachi Capital America Corp., recently provided $4.5 million to three growing U.S. companies seeking working capital solutions. Of the new clients that received financing, the first offers energy saving...
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April 03, 2017, 07:10 AM
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White Oak Global Advisors, LLC, a leading provider of private debt financing to middle-market companies, announced the funding of a $34.0 million senior secured term loan to an energy services company. The financing was used to support the company’s...
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January 21, 2014, 07:23 AM
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