SEACOR Holdings entered into a five-year revolving loan facility allowing for borrowings of up to $125 million. JPMorgan Chase Bank acted as administrative agent and security trustee for the lenders.
Compass Bank Provides New L/C for Par Petroleum Acquisition
January 3, 2013
Par Petroleum said it has acquired SEACOR Energy, which has been renamed Texadian Energy. Compass Bank will provide a new $30 million letter of credit to support Texadian’s crude oil operations.
