Complete Energy Services $190 million credit facility to launch Jan. 13

By Sara Rosenberg

New York, Jan. 4 - Complete Energy Services Inc. is scheduled to hold a bank meeting on Jan. 13 to launch its proposed $190 million credit facility, according to a market source.

Wells Fargo is the lead bank on the deal.

The facility consists of a $50 million four-year revolver talked at Libor plus 300 basis points and a $140 million seven-year term loan B talked at Libor plus 325 basis points, the source said.

Proceeds will be used to refinance existing debt.

Complete Energy Services is a Houston integrated wellsite provider.

© 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.