White Star Petroleum closed on the acquisition of shale assets from Devon Energy for $200 million. MUFG Union Bank served as administrative agent for a lender group that provided $210 million of term financing to support the deal.
NewStar Financial completed a $398 million term debt securitization known as NewStar Commercial Loan Funding 2015-2, marking the company’s 12th securitization since inception and third this year.
Tall Oak Midstream subsidiaries TOMPC and TOM-STACK each closed a $75 million credit facility with accordion features that allow for expansions to $100 million. Capital One acted as administrative agent.
TOMPC has secured a $100 million senior credit facility that can be expanded to $150 million. Capital One Securities and Compass Bank acting as joint lead arrangers.
Capital One Securities said Russ Johnson and Bob Mertensotto will co-head its Houston Energy Banking office. Johnson was most recently co-head of Barclays’ Oil and Gas Leveraged Finance group and Mertensotto a managing director in J.P. Morgan’s Oil and Gas Leveraged Finance group.