DENVER--(BUSINESS WIRE)--High Sierra Energy, L.P., a leading diversified midstream energy company, announced today that it has completed a new $215 million committed, three-year secured credit facility.
A portion of the proceeds will be used to refinance existing debt and to acquire the remaining 40% interest in Anticline Disposal, LLC, a provider of oil field water handling services.
“These new facilities provide capital to enable the partnership to grow its existing operations and fund an important acquisition of our interest in Anticline,” said James Burke, High Sierra Energy Chief Executive Officer. “This is an important step toward the successful execution of High Sierra’s growth plan.”
BNP Paribas Securities Corporation served as the sole book runner and lead arranger for the facility in the nine-bank syndication, and BNP Paribas served as the administrative agent.
About High Sierra Energy, L.P.
Based in Denver, High Sierra Energy, L.P., is a privately-owned, rapidly growing midstream energy company engaged in the marketing, logistics, and processing of natural resources and petroleum products. Founded in 2004, High Sierra has completed 19 acquisitions and 2 dispositions. For more information, please visit www.highsierraenergy.com.