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EnCap and Double Eagle establish syndicated revolving bank loan
Chicago, Jan. 30 – EnCap Investments LP, Double Eagle Energy Holdings IV, LLC and Tumbleweed Royalty IV, LLC announced the establishment of a revolving bank loan, according to a press release.
The syndicated facility was led by JPMorgan Chase Bank, NA with Citibank, NA, PNC Bank, NA and RBC Capital Markets working as joint lead arrangers and joint bookrunners.
The company also announced an equity commitment upsize to $2.3 billion.
The independent energy company is based in Fort Worth.
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