Goodnight Midstream expanded its revolving credit facility to $420 million from $320 million. ABN AMRO Capital USA and Wells Fargo served as joint lead arrangers on the transaction.
ABN AMRO also served as administrative agent.
The increased facility will fund Goodnight’s continued strategic growth initiatives in the Permian, Bakken and Eagle Ford shales as well as support working capital requirements.
Texas Capital Bank, Regions Bank, East West Bank and Cadence Bank acted as co-agents. The syndicated bank group also included Citizens Bank, BOKF and Iberia Bank.
Andrejka Bernatova, chief financial officer of Goodnight Midstream commented, “We appreciate the continued support of our syndicate group of banks, who provide us the financial flexibility to support our infrastructure growth as we continue to expand with our producer customers.
Casey Lowary, ABN AMRO managing director, said, “This increase is representative of the success and hard work of Goodnight Midstream and will continue to fund their growth into the future. We look forward to our continuing partnership with the company and are excited about their prospects going forward.”
Goodnight Midstream provides trusted oilfield water infrastructure to oil and gas producers. It owns and operates an extensive network of water gathering pipelines and saltwater disposal wells focused on gathering and disposing of produced saltwater for its customers.
