Lucid gets $200 million four-year revolver via Wells Fargo, Cadence

By Susanna Moon

Chicago, March 4 - Lucid Energy Group, LLC said it finalized a $200 million four-year revolving credit facility with Wells Fargo Securities, LLC and Cadence Bank, NA as the joint lead arrangers.

The additional financing will be used to support Lucid's aggressive growth strategy in the Permian Basin, according to a company press release.

Dallas-based Lucid is a midstream services company formed to develop and operate new oil and gas infrastructure and related facilities.

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