WaterBridge Resources LLC Announces $200 million Revolving Credit Facility to Fund Growth Projects
June 14, 2018
HOUSTON, June 14, 2018 /PRNewswire/ — WaterBridge Resources LLC (“WaterBridge” or the “Company”) announced that its subsidiary WaterBridge Operating LLC has entered into a $200 million revolving credit facility (the “Credit Facility”) led by SunTrust Bank with a syndicate of nine financial institutions. The Credit Facility will be used for general corporate purposes and to support WaterBridge’s investments in water infrastructure in the Permian Basin in west Texas and the Arkoma Basin in southeast Oklahoma. Upon closing, WaterBridge and its affiliates have more than $700 million in committed capital, including $500 million from Five Point Energy LLC, to fund ongoing growth and expansion efforts in multiple domestic basins.