Goodnight Midstream Expands Credit Facility to $320 Million
DALLAS, June 7, 2018 /PRNewswire/ — Goodnight Midstream, LLC, a leading midstream water infrastructure company, recently expanded its revolving credit facility to $320 million. ABN AMRO Capital USA, LLC (“ABN AMRO”) served as book runner, sole lead arranger and administrative agent.
The amended facility, which will fund expansion projects and support working capital requirements, was increased to $320 million from $165 million. 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.
Andrejka Bernatova, Chief Financial Officer of Goodnight Midstream said, “We appreciate the high level of interest and quality of participation in our bank facility. 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.”
Casey Lowary, Managing Director, at ABN AMRO, said, “We are pleased with the successful over-subscription of the increased credit facility and look forward to the continued relationship with this best in class management team. We are excited about our partnership with Goodnight Midstream and congratulate them on their impressive performance and the successful execution of their stated strategy.”