Carrier Energy Partners II has closed a new Senior Secured First Lien Term Loan, the proceeding of which will be used to retire existing borrowings under Carrier’s maturing reserve-based loan facility.
Carrier Energy Partners II is a private oil and gas company focused on the acquisition and exploitation of upstream assets. Backed with an equity commitment from Riverstone Holdings, its primary objective is to partner with select operators that are developing unconventional reservoirs in North America.
“This financing strengthens the company’s balance sheet and minimizes future uncertainty as it relates to the previous semi-annual RBL redetermination process,” said Mark Clemans, president and CEO of Carrier. For more information, visit www.carrierenergy.com