Epsilon Energy closed a senior secured reserve-based revolving credit facility with Frost Bank as the issuing bank and sole lender. The new credit facility will replace the company’s previous credit facility.
Howard Kasanoff, a senior executive vice president who has been with Frost Bank since August 1992, will become chief credit officer at the beginning of 2023. Kasanoff will succeed Bill Perotti, Frost’s long-serving chief credit officer, who is retiring at the end of this year.
Truist served as administrative agent on an increase from $705 million to $740 million for the revolving credit facility of Main Street Capital, according to a related 8K filed with the SEC.
Main Street Capital expanded the total commitments under its revolving credit facility from $655 million to $680 million. BB&T served as administrative agent for the 17-bank lender group.
Kimbell Royalty Partners acquired mineral and royalty interests held by Haymaker Minerals & Royalties and Haymaker Resources for $404 million. Frost Bank served as administrative agent for a $200 million revolving credit facility to support the transaction.
Main Street Capital expanded the total commitments under its credit facility from $560 million to $585 million. BB&T served as administrative agent for the banking syndicate.
Rush Enterprises entered into a $100 million revolver credit agreement with a group of banks led by BMO Harris serving as administrative agent.
Holly Energy Partners amended its existing revolving credit facility to increase the maximum amount from $850 million to $1.2 billion. Wells Fargo served as administrative agent for the transaction.
Mid-Con Energy Partners received commitments from its lending group to change the borrowing base under its $250 million credit facility from $220 million to $190 million. Wells Fargo served as administrative agent.