Blackbuck extends sustainability-linked term loan with Riverstone

Chicago, Dec. 22 – Blackbuck Resources LLC extended its sustainability-linked loan to Dec. 31, 2024 through an amended agreement with Riverstone Credit Partners LLC, according to a notice.

After a $100,000 paydown, the principal balance outstanding was reduced to $9.9 million.

The company paid an exit premium of 106 as part of the amendment, meaning that the go-forward exit premium was reduced to zero. This results in $600,000 in profits to be distributed.

Based in Houston and Midland, Tex., Blackbuck designs, builds and operates water infrastructure and provides services for the oil and gas industry, with a primary focus on the Permian Basin.

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