BofA Agents New $150MM ABL for Basic Energy

Basic Energy Services entered into a new $150 million asset-based lending credit facility that is secured by its accounts receivable and related assets.

UBS Upsizes Basic Energy Services ABL Facility to $150MM

Basic Energy Services increased its asset-based lending credit facility from $120 million to $150 million. UBS served as administrative agent for the transaction.

UMB Agents $100MM A/R Facility for Basic Energy Services

Basic Energy Services entered into a $100 million accounts receivable securitization facility with UMB as administrative agent.

BofA, U.S. Bank Agent Basic Energy Waiver Extensions

Basic Energy Services obtained extensions of its temporary waivers from its secured asset-based revolver lenders. Bank of America and U.S. Bank served as administrative agents for each extension.