BusinessWeek: P2 Energy Solutions Seeks $355 Million in Loans
P2 Energy Solutions, a provider of software and data services to the oil and gas industry, intends to receive $355 million in loans, a Bloomberg/BusinessWeek article said. Jefferies Group is said to be arranging the financing consisting of a $220 million first lien term loan, a $100 million second lien loan and a $25 million revolving line of credit.
Proceeds will be used to refinance the company’s debt and finance a shareholder distribution, the article said.
To read the Bloomberg/BusinessWeek article in its entirety, click here.