Crow Creek Energy seeks $285 million credit facility

By Sara Rosenberg

New York, June 15 - Crow Creek Energy is currently in market with a $285 million credit facility, according to a market source.

Wachovia is the lead bank on the deal that launched with a bank meeting this past Wednesday.

The facility consists of a $250 million revolver talked at Libor plus 150 basis points and a $35 million second-lien term loan talked at Libor plus 350 bps, the source said.

Proceeds will be used for acquisition financing.

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