BOK Financial provided a $200 million revolving credit facility to Vaquero Midstream, a Delaware-based provider of midstream solutions for oil and gas companies, extending the commitment of the original facility until December 2023.
The facility is available for general corporate purposes, including funding capital expenditures, working capital and operating expenses.
“BOK Financial is proud to have served as lead arranger for the Vaquero credit facility,” Alex Trlica, senior vice president at BOK Financial, said. “Vaquero’s management team has demonstrated prudent management through this commodity price cycle, and BOK Financial stands by its energy clients in all economic climates. We look forward to our continued partnership with Vaquero.”
“We were pleased to bring together some of our existing bank participants along with adding several new participants and adding BOK Financial as our lead bank. Though it has been and continues to be a difficult banking environment, we were very appreciative of the support we received with an oversubscription of the amount requested for our facility,” Bryant H. Patton, CFO of Vaquero, said. “We look forward to maintaining and enhancing relationships with all our business partners, including Yorktown Energy Partners, producers and lending institutions.”
