BOK Financial has increased the borrowing base of Kolibri Global Energy’s indirect wholly owned subsidiary BNK Petroleum from $40 million to $50 million on its revolving line of credit, an increase of 25%. The current outstanding amount drawn on the credit facility is $32 million. “We are very pleased to have BOKF’s continued support as […]
BOK Financial reaffirmed the borrowing base of the revolving line of credit of BNK Petroleum US, an indirect, wholly-owned subsidiary of Kolibri Global Energy, at $40 million. The current outstanding amount drawn on the credit facility is $29 million.
Kolibri Global Energy and its indirect, wholly-owned subsidiary, BNK Petroleum, obtained an increase in its borrowing base from $25 million to $40 million on its revolving line of credit from BOK Financial.
Fundare Resources Company entered into a credit agreement among Fundare Redtail and a syndicate of lenders led by BOK Financial as administrative agent.
David Jeter has been named executive director for BOK Financial’s commercial banking line of business. The line of business, which generally serves owner-managed companies and nonprofits with $5 million to $50 million in revenue, is one of the company’s largest lines of business.
Mark Wade has been named CEO for Bank of Texas as of Jan. 1, 2023. Wade will assume the role as long-time CEO Norm Bagwell transitions into a new part-time role after leading the Texas bank for more than 15 years.
Kolibri Global Energy and its indirect, wholly-owned subsidiary, BNK Petroleum, entered into a $75 million revolving line of credit from BOK Financial with an initial commitment amount of $20 million.
Select Energy Services transitioned its existing asset-backed loan facility into a sustainability-linked loan facility, while extending the facility through March of 2027. Wells Fargo Bank was the lead arranger for the facility.
Second Wind Consultants facilitated Logan Fund’s purchase of a distressed note at $2 million par from BOK Financial. BOK Financial will exit from a lending relationship with a printed circuit board assembly company that has 60 employees.
BOK Financial added S. Scott Simmons to its asset-based lending team. Simmons has spent nearly 25 years in the ABL industry, previously serving in roles at First Capital, AloStar Capital Finance, Gibraltar Business Capital and, most recently, Webster Business Credit.