MidCap Business Credit Provides $15MM Facility to Oil Field Equipment Manufacturer

MidCap Business Credit closed a $15 million asset-based credit facility for a manufacturer of oil field storage tanks serving the Permian Basin and Eagle Ford Shale.

The facility includes a working capital revolver, a machinery and equipment term loan and a real estate term loan.

Proceeds will be used to support working capital needs and refinance existing debt.

MidCap Business Credit Provides $15MM Facility to Oil Field Equipment Manufacturer

The $15 million asset-based facility provides a specialized mix of working capital and term loans to help a manufacturer serving the Permian Basin and Eagle Ford Shale refinance debt and scale production.

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