Finance - Debt & Equity

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BNP Paribas Exits Niche US Energy Loan Market

BNP shut its reserve-based lending business in Houston last week after 13-year-low oil prices stoked concerns of rising loan defaults among borrowers, according to three sources.

Emily Moser
Fri, 02/12/2016 - 07:29
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Backed By Intervale, Entegra Will Expand US, Canada Pipeline Inspection Services

Entegra has engineering, R&D and inline inspection tool fabrication resources in Toronto and sales and field operations in Houston and Indianapolis.

Erin Pedigo
Thu, 02/11/2016 - 10:03
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Golar LNG Partners Will Acquire Ownership Interests Of Tundra Corp.

Revolving credit facility borrowings will fund the remaining $70 million cash purchase price for the Golar Tundra. About $380 million of debts will then mature in 2021 instead of from 2018.

Erin Pedigo
Wed, 02/10/2016 - 15:40
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EIV Capital Forms CAM Integrated Solutions, Provides $40 Million In Equity

Craig Pierrotti, CAM’s CEO, was executive vice president for CH2M’s oil, gas and chemicals. Mitch Stamper was a facilities engineering manager for East Texas and North Louisiana at Anadarko Petroleum. 

Erin Pedigo
Wed, 02/10/2016 - 14:47
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Fountain Quail Water Management Receives $40 Million In Equity

Produced and flowback water is treated and recycled with proprietary systems, which are designed to cut water-specific operating costs by eliminating wastewater transportation and disposal and freshwater sourcing and transportation.

Erin Pedigo
Wed, 02/10/2016 - 10:10
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After Rapid Growth, US Energy MLPs Running Out Of Road

Investment vehicles that funneled more than $100 billion into U.S. pipelines, storage and other facilities during the shale boom now face an existential crisis.

Emily Moser
Fri, 02/05/2016 - 07:45
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KKR's Energy Chief Lipschultz Leaves To Start New Fund

Lipschultz will leave KKR this month to start the new fund with Doug Ostrover, a former executive of private equity firm Blackstone, who helped to found its credit business, GSO Capital.

Emily Moser
Wed, 02/03/2016 - 07:36
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Plains All American Pipeline Closes $1.6 Billion Preferred Units Private Placement

Net proceeds will be about $1.6 billion, $140 million more than the amount expected due to additional commitments. The proceeds will support capex, debt payments and general partnership purposes.

Erin Pedigo
Fri, 01/29/2016 - 10:38
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CenterPoint Will Invest $363 Million In Enable Midstream’s Preferred Units

The transaction is scheduled to close before the end of first-quarter 2016, subject to CenterPoint’s completion of its review of Enable’s audited year-end 2015 financial statements and other conditions.

Erin Pedigo
Fri, 01/29/2016 - 09:40
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Cheniere Partners Retains 13 Joint Lead Arrangers For Debt Refinancing

Neal Shear, chairman of the board and interim CEO, said when the transaction closes and CCTP and SPLNG obligations are paid, Cheniere Partners’ earliest debt maturity will be in 2020.

Erin Pedigo
Mon, 01/25/2016 - 09:59
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KLR Group Files IPO For Blank-Check Acquisition Company

The firm plans to raise $130 million through the offering of 13 million units sold at $10 per unit, according to Securities and Exchange Commission filings on Jan. 19.

Emily Moser
Thu, 01/21/2016 - 07:55
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Kinder Morgan Swings To Loss In Fourth Quarter

Kinder Morgan, the largest energy infrastructure company in North America, cut its 2016 capital budget to $3.3 billion from its previous estimate of $4.2 billion.

Emily Moser
Thu, 01/21/2016 - 07:20

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