Goodnight Midstream’s $100 Million Revolving Credit Facility

Simpson Thacher represented Wells Fargo Bank who acted as Administrative Agent on the deal.

Goodnight Midstream signed a $100 million Revolving Credit Facility, led by Wells Fargo, along with participation from Texas Capital Bank, Cadence Bank and First Horizon Bank.  Concurrent with the new revolving credit facility, Goodnight Midstream completed the sale of $325 million of Senior Notes in a private placement to EIG and Crestline Investors.

Goodnight Midstream builds and operates midstream oilfield water infrastructure for oil and gas producers. The company owns and operates an extensive network of water gathering pipelines and saltwater disposal wells focused on gathering, transporting, reusing and disposing of produced saltwater for its customers. Goodnight Midstream operates in the most active basins in the United States with significant positions in the Permian Basin, Bakken and Eagle Ford shales.

The Simpson Thacher team included Erland Modesto (Picture), Brandon Barton, Nicholas Baker, Yvette Sokei and Andrew Kingsbury (Banking and Credit); Timothy Gallagher and Stephanie Kantor (Real Estate); Michael Mann (Tax) and J. Pasco Struhs (ECEB).

Involved fees earner: Nicholas Baker – Simpson Thacher & Bartlett; Brandon Barton – Simpson Thacher & Bartlett; Timothy Gallagher – Simpson Thacher & Bartlett; Stephanie Kantor – Simpson Thacher & Bartlett; Andrew Kingsbury – Simpson Thacher & Bartlett; Michael Mann – Simpson Thacher & Bartlett; Erland Modesto – Simpson Thacher & Bartlett; Yvette Sokei – Simpson Thacher & Bartlett; Pasco Struhs – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Wells Fargo Bank;

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Author: Youness Semri