ARM Energy enters $110 million senior secured revolver via Rabobank

By Marisa Wong

Los Angeles, June 8 – ARM Energy Services, LLC has entered into a $110 million senior secured revolving credit facility with Rabobank as administrative agent, bookrunner and lead arranger, according to a press release.

Proceeds from this inaugural commodity finance borrowing base facility were used to refinance the company’s $85 million credit facility and will support working capital needs and general corporate purposes.

“We are pleased to welcome high-quality commodity finance banks into our transaction, including Brown Brothers Harriman, First Horizon Bank, Macquarie Group and Valley National Bank. The composition of the syndicate, coupled with a $90 million accordion provide a clear path to execute our growth initiatives,” ARM Energy Holdings, LLC chief financial officer Bo Dunne commented in the press release.

ARM Energy is an energy marketing and infrastructure firm based in Houston.

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