Service Compression has commitment for $215 million credit facility

Chicago, May 17 – Service Compression, LLC closed on a $215 million commitment for first-lien senior secured credit facilities with Crestline Investors, Inc., according to a press release.

Proceeds will be used for the acquisition of incremental wellhead compression in the Permian Basin and the kickoff of a newbuild electric-driven wellhead compression program.

Imperial Capital, LLC was the exclusive financial adviser to the company.

Baker Botts LLP served as legal counsel for the financing. Bigbee & Curtis Law, LLP served as legal counsel to the company for the acquisition.

Haynes and Boone, LLP worked as legal counsel for Crestline for the financing.

Service Compression, with headquarters in Lubbock, Tex., is a provider of natural gas compression services to exploration and production companies at the wellhead.

© 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.