Nexus Energy Partners closed an amended and restated senior secured credit facility with UMB Bank, totaling $100 million, with an initial borrowing base of $45 million. The expanded facility builds on Nexus Energy Partners’ long-standing relationship with UMB Bank and provides extra capital to support the company’s ongoing growth.
“We are grateful to be working with a bank that can grow with us. This positions Nexus as the non-op partner of choice in Oklahoma. With this credit facility expansion, we will continue to grow through the drill bit and through opportunistic acquisitions,” Ben Lusher, CEO of Nexus, said.
“UMB is proud to expand our relationship with Nexus Energy Partners through this credit facility,” Parker Heikes of UMB Bank said. “Ben and the Nexus team have built an impressive non-op platform in the Anadarko Basin. We look forward to continuing to support their growth.”
