Martin Midstream's revolving credit facility reaches $400MMartin Midstream Partners LP announced May 10 that it has increased the size of its revolving credit facility to $400,000,000. This represents an increase of $25,000,000 as it has added ABN AMRO Capital USA LLC to its syndicate of lenders. The revolving credit facility is the partnership’s primary source of liquidity and matures April 15, 2016. |
Ex-Im to finance $2.95B in US exports for Australia LNG projectThe Export-Import Bank of the United States has authorized a $2.95 billion direct loan to support US exports to the Australia Pacific liquefied natural gas (LNG) project. The transaction is Ex-Im’s second-largest single-project financing in history and is also the Bank’s first LNG project in Australia. |
Dahlman Rose announces follow-on investmentDahlman Rose & Co., LLC announced today that its parent company has entered into a definitive agreement to sell an additional $10 million of equity to affiliates of Lovell Minnick Partners LLC, a private equity firm that specializes in the global financial services industry. |
Pricey crude supports oil industry stabilityHigh oil prices continue to support stable credit quality for US exploration and production (E&P) companies this year, according to Standard & Poor’s. |
MRC Global prices initial public offeringMRC Global Inc. announced April 11 that it has priced its initial public offering of 22,727,273 shares of common stock at $21.00 per share. |
Chesapeake monetizes assets in 3 plays_On April 9 Oklahoma City-based Chesapeake Energy Corporation (NYSE:CHK) announced three oil and gas asset monetization transactions for total proceeds of approximately $2.6 billion in cash. |
Apache raises $3B in debt to help fund Cordillera acquisitionHouston-based Apache Corp. priced $3 billion in aggregate principal amount of notes in a public offering to help fund its $2.85 billion purchase of Cordillera Energy Partners III LLC. |
Flotek Industries to repurchase senior notesHouston-based Flotek Industries Inc. (NYSE: FTK) announced Dec. 28 that it has entered into a repurchase agreement with the holders of the company’s 5.25% senior secured convertible notes due in 2028. |
Magnum Hunter Resources sees expanded senior bank credit facilityMagnum Hunter Resources Corp. has seen its borrowing base under its $350 million Senior Bank Facilities, which consist of a $250 million Senior Revolving Credit Facility and a $100 million Term Loan Facility, increased by $32.5 million from $167.5 million to $200 million. |
Slated for Utica drilling, Chesapeake closes additional $750M in fundingChesapeake Energy Corp. has closed $1.25 billion of perpetual preferred shares of its wholly owned, unrestricted subsidiary, CHK Utica LLC. |
Heavy Oil: An Interactive DiscussionLearn from and ask questions to experts in all facets of the oil sands business. |
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