Crown Capital Partners closed a $15 million term loan for Triple Five Intercontinental Group, a privately held, Calgary-based company engaged in the exploration, development and production of petroleum and natural gas.

Founded in 2014, Triple Five’s assets are located in west central Alberta, where the company has a 100% working interest in 20 contiguous sections of land in the Spirit River zone. Triple Five is currently producing approximately 3,800 barrels of oil equivalent production per day from six wells, of which approximately 85% are natural gas and 15% are natural gas liquids. Crown’s funds will be used to refinance Triple Five’s senior debt facility and provide capital to drill additional wells, which are expected to materially increase the company’s production.

“Triple Five has accumulated a highly attractive portfolio of assets in a proven and prolific natural gas region,” said Chris Johnson, Crown’s president and CEO. “The company has established a solid track record of low-cost production, which has resulted in significant cash flow even in a challenging pricing environment.”

Crown is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies.