Epsilon Energy closed a senior secured reserve-based revolving credit facility with Frost Bank as the issuing bank and sole lender. The new credit facility will replace the company’s previous credit facility.
Howard Kasanoff, a senior executive vice president who has been with Frost Bank since August 1992, will become chief credit officer at the beginning of 2023. Kasanoff will succeed Bill Perotti, Frost’s long-serving chief credit officer, who is retiring at the end of this year.
Truist served as administrative agent on an increase from $705 million to $740 million for the revolving credit facility of Main Street Capital, according to a related 8K filed with the SEC.
Main Street Capital expanded the total commitments under its revolving credit facility from $655 million to $680 million. BB&T served as administrative agent for the 17-bank lender group.
Kimbell Royalty Partners acquired mineral and royalty interests held by Haymaker Minerals & Royalties and Haymaker Resources for $404 million. Frost Bank served as administrative agent for a $200 million revolving credit facility to support the transaction.
Frost Bank added James Waters and Mike Russell to its executive team.
Main Street Capital expanded the total commitments under its credit facility from $560 million to $585 million. BB&T served as administrative agent for the banking syndicate.
Rush Enterprises entered into a $100 million revolver credit agreement with a group of banks led by BMO Harris serving as administrative agent.
Holly Energy Partners amended its existing revolving credit facility to increase the maximum amount from $850 million to $1.2 billion. Wells Fargo served as administrative agent for the transaction.
Mid-Con Energy Partners received commitments from its lending group to change the borrowing base under its $250 million credit facility from $220 million to $190 million. Wells Fargo served as administrative agent.