Goodnight Midstream LLC recently expanded its revolving credit facility to $320 million, the Dallas-based midstream water infrastructure company said June 7.
The amended facility, which will fund expansion projects and support working capital requirements, was increased to $320 million from $165 million.
ABN AMRO Capital USA LLC was book-runner, sole lead arranger and administrative agent. Texas Capital Bank, Cadence Bank, East West Bank, Regions Bank and Wells Fargo acted as co-agents. The syndicated bank group also includes Bank of Oklahoma, Citizens Bank and Iberia Bank.
"We appreciate the high level of interest and quality of participation in our bank facility,” said Goodnight Midstream CFO Andrejka Bernatova. “This expanded credit facility provides us with the capital we need to continue building the reliable and economic, high-quality water infrastructure demanded by producers as they grow throughout major basins in North America."
“We are pleased with the successful oversubscription of the increased credit facility and look forward to the continued relationship with this best in class management team,” said Casey Lowary, who is managing director at ABN AMRO. “We are excited about our partnership with Goodnight Midstream and congratulate them on their impressive performance and the successful execution of their stated strategy.”
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