Laney Directional Drilling gets $13.75 million credit facility

By Mary-Katherine Stinson

Lexington, Ky., Jan. 6 – Laney Directional Drilling closed on a $13.75 million credit facility from Tiger Finance, a division of Tiger Capital Corp., on Dec. 27, according to a press release.

The proceeds will be used to refinance Laney’s existing credit facility and provide support for continued growth as the company expands its focus to assist with trenchless crossings in the power, wind and water sectors.

Laney is a Waller, Tex.-based full service trenchless construction and engineering firm known for highly complex drilling operations on major infrastructure projects.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.