PNC Bank closed $33 million in senior secured credit facilities for Odessa, TX-based Motley Services, a portfolio company of District 5 Investments.
Motley will use the funds for capital expenditures and ongoing working capital needs. PNC Bank served as administrative agent and also provided treasury management products and services in the transaction.
Founded in 2010 by CEO Marco Davis, Motley is an oilfield service company that provides well completion and intervention services in the Permian Basin region of Texas and New Mexico. Motley offers coiled tubing, wireline, pumping, thru tubing and nitrogen services and maintains a state-of-the-art equipment fleet.
