Daily News: September 20, 2013

Global Private Group Provides $758MM Facility to Oilfield Service

Global Private Group provided a senior secured credit facility to a major oilfield service company. The company is a provider of oil and gas field equipment for the oil and gas production industry, and has plans to develop midstream assets over the next three to four years, including gas and oil gathering, processing and NGL transportation.

The secured credit facility includes a term loan, a revolver and amounts to $758 million.