Gordon Brothers Leads Liquidation of Basic Energy Services’ Assets

Gordon Brothers will serve as Ranger Energy Services’ agent in the disposition of excess oil field services equipment and operating assets the company purchased through the Basic Energy Services bankruptcy process.

October 28, 2021 Basic Energy Services | Bob Maroney | Gordon Brothers | Ranger Energy Services | Stuart Bodden Ian Koplin

Eclipse Business Capital Provides $77.5MM Credit Facility to Ranger Energy Services

Eclipse Business Capital provided a $77.5 million senior secured credit facility consisting of a $50 million revolving credit facility, a $12.5 million M&E term loan facility and a $15 million term loan B facility to Ranger Energy Services.

October 4, 2021 Basic Energy Services | Eclipse Business Capital | Ranger Energy Services Ian Koplin

Eclipse Business Capital Provides New $77.5MM Supporting Ranger Energy Services Acquisition

Ranger Energy Services received a debt commitment letter from Eclipse Business Capital for a new $77.5 million credit facility consisting of a $50 million revolving credit facility, a $12.5 million M&E term loan facility and a $15 million term loan B facility.

September 17, 2021 Basic Energy Services | Eclipse Business Capital | Eclipse Business Capital SPV | Ranger Energy Services | RNGR Energy Services Ian Koplin

BofA Agents New $150MM ABL for Basic Energy

Basic Energy Services entered into a new $150 million asset-based lending credit facility that is secured by its accounts receivable and related assets.

October 10, 2018 Bank of America | Basic Energy Services | Merrill Lynch | PNC Capital Markets | UBS Securities ABF Journal

UBS Upsizes Basic Energy Services ABL Facility to $150MM

Basic Energy Services increased its asset-based lending credit facility from $120 million to $150 million. UBS served as administrative agent for the transaction.

April 18, 2018 Basic Energy Services | Morgan Stanley Senior Funding | UBS ABF Journal

UMB Agents $100MM A/R Facility for Basic Energy Services

Basic Energy Services entered into a $100 million accounts receivable securitization facility with UMB as administrative agent.

October 2, 2017 Bank of America | Basic Energy Services | U.S. Bank | UMB Stanford Branch ABF Journal

BofA, U.S. Bank Agent Basic Energy Waiver Extensions

Basic Energy Services obtained extensions of its temporary waivers from its secured asset-based revolver lenders. Bank of America and U.S. Bank served as administrative agents for each extension.

October 19, 2016 Bank of America | Basic Energy Services | U.S. Bank ABF Journal