Tag Archives: Cadence Bank

Barclays-Led Syndicate Completes Issuance of $800MM Term Loan B to Brazos Midstream

Brazos Midstream and its subsidiary, Brazos Delaware II, completed the issuance of a $800 million senior secured Term Loan B due February 2030. The company used the net proceeds from the Term loan, along with excess balance sheet cash, to repay its existing $830 million term loan B due May 2025.

Texas Capital Bancshares Leads $200MM Syndicated Credit Facility for Producers Midstream II

Producers Midstream II secured a new syndicated credit facility led by Texas Capital Bancshares, Bank of Oklahoma and Cadence Bank. The credit facility will allow the company to borrow up to an additional $200 million, assuming certain conditions are met.

BofA, BMO and Capital One Amend and Upsize Credit Facility for StoneX Group

StoneX Group agreed to amend its existing $401 million senior secured credit facility, extending the maturity through April 2025 and increasing the size of the facility to $475 million. Bank of America Merrill Lynch, Bank of Montreal and Capital One acted as joint lead arrangers on the credit facility

Wells Fargo Leads Transition of Select Energy’s ABL to Sustainability-Linked Structure

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.