Secured Research | Equipment Finance Originator | Monitor | Monitor Suite | Converge | STRIPES Leadership
No Result
View All Result
ABF Journal
Forward for Specialty Finance
SUBSCRIBE
Lender & Services Directory
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
    • Articles & Insights
    • Resolving MCA Distress
    • Resolving Business Distress
  • Events
  • Recruiting
    • Molloy Associates Senior Asset Based Lending Originator Location: Remote
  • Advertise
  • Contact Us
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
    • Articles & Insights
    • Resolving MCA Distress
    • Resolving Business Distress
  • Events
  • Recruiting
    • Molloy Associates Senior Asset Based Lending Originator Location: Remote
  • Advertise
  • Contact Us
No Result
View All Result
ABF Journal
No Result
View All Result
Home Deal Announcements

Independent Bank Reaffirms PHX Minerals’ Borrowing Base and Extends Revolver

byPhil Neuffer
April 19, 2024
in Deal Announcements

Independent Bank led the banking group for PHX Minerals, a natural gas and oil mineral company, in completing the regularly scheduled semi-annual redetermination of the company’s senior secured credit facility and reaffirmed the existing $50 million borrowing base with no changes to pricing, covenants or other material terms. In addition, the maturity date of the credit facility was extended from Sept. 1, 2025, to Sept. 1, 2028.

“The reaffirmation of our borrowing base demonstrates the quality and resiliency of our assets and our financial strength,” Chad Stephens, president and CEO of PHX Minerals, said. “We value our relationship with the bank lending group and are appreciative of their continued support and confidence in PHX.”

According to an 8K filed with the SEC, Independent Bank is the administrative agent and L/C issuer for the facility.

Previous Post

Oak Hill Advisors Arranges Unitranche Facility to Support Acentra Health’s Refinancing

Next Post

ATLAS SP Partners Provides $225MM Warehouse Facility to Redaptive

Related Posts

Deal Announcements

Peak 10 Energy Secures $500MM Acquisition Finance Facility with U.S. Bank

November 12, 2026
Deal Announcements

Exus Renewables North America Secures $345MM Financing Led by Goldman Sachs Alternatives

November 12, 2026
Deal Announcements

Commercial Finance Partners Arranges $10.5MM Conventional Refinance for APDC Cleaning Services

November 12, 2026
Deal Announcements

Altriarch Closes $10MM Senior Revolving Credit Facility for a Texas-Based Invoice Factoring Company

November 12, 2026
Deal Announcements

Square Nine Leads $206MM Financing for Aline Accounting Partners

November 12, 2026
Deal Announcements

Asana Secures $150MM Wells Fargo-Led Revolver

November 12, 2026
Next Post

ATLAS SP Partners Provides $225MM Warehouse Facility to Redaptive

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

For over 50 years, RAM Holdings’ brands have led the commercial finance industry in publishing, talent development, research and events. ABF Journal’s audience is comprised of as many as 18,000 specialty finance industry executives, private equity investors, investment bankers, advisors, service providers and more.

Our Brands

  • Secured Research
  • Equipment Finance Originator
  • Monitor
  • Monitor Suite
  • Converge
  • STRIPES Leadership

 

Learn More

  • Advertise
  • Magazine
  • Contact Us

Newsletter

Driving specialty finance forward for decades with insights, recognition and deals. Sign up now.

SUBSCRIBE >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
    • People
    • Economy
    • All News
  • Deals
  • Features
    • Articles & Insights
    • Resolving MCA Distress
    • Resolving Business Distress
  • Magazine
    • Magazine Issues
    • Nominations
  • Molloy Associates
    • Molloy Associates Senior Asset Based Lending Originator Location: Remote
  • Events
  • Advertise
  • Contact Us
Provider Directory >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years