Veritas Financial Partners closed an $8.5 million financing for an energy services company with operations throughout Texas and Oklahoma.

In order to meet the complex needs of the borrower, Veritas: overcame a high customer concentration and simplified the borrower’s balance sheet, crafted an oilfield services transaction during an challenging environment in the industry and provided a $4.4 million asset-based revolving credit facility, while simultaneously closing a $4.1 million term loan.