ATB Financial leads debt facility of up to $100 mln for Aqua Terra
Aqua Terra Water Management LP has closed senior secured syndicated credit facilities totalling US$80 million with an option to increase the amount to US$100 million. Canadian financial institution ATB Financial was the lead arranger and administrative agent for the syndicate. Aqua Terra, an oilfield water management and logistics company with primary offices in Houston and Calgary, said it will use the proceeds for refinancing and to fund greenfield development projects in the Permian Basin. Aqua Terra was launched in 2013 by Bregal Partners, a U.S. mid-market private equity firm.
15 July 2019•3 mins read
