HOUSTON, Could 18, 2022 /PRNewswire/ — Imperial Capital, LLC (“Imperial Capital”) introduced that it served as unique monetary advisor to Service Compression, LLC (“Service Compression” or the “Firm”), a number one supplier of pure gasoline compression companies to exploration & manufacturing firms on the wellhead, in reference to the dedication of $215 million of first lien senior secured credit score amenities with Crestline Buyers, Inc. (“Crestline”). The Firm plans to direct the web proceeds from the financing to the acquisition of incremental wellhead compression within the Permian Basin and the kickoff of a newbuild electric-driven wellhead compression program.
Dusty Womble, Chairman of Service Compression, and Managing Companion at Masked Rider Capital, LLC, commented, “We’re excited to announce our partnership with Crestline and consider this transaction places us in a superb place to comprehend our aim of making significant worth for our buyers together with alternative for our workers.”
Rhett Newberry, President and CEO of Service Compression, commented, “We’re happy to announce this transformative financing with Crestline. The Firm presently has 15,000 horsepower of electric-driven compression on order that may increase our complete fleet to over 250,000 horsepower. We sit up for advancing the ESG initiatives of our prospects and persevering with to make strategic investments in gear and applied sciences that differentiate our enterprise.”
“This transaction demonstrates Imperial Capital’s capacity to leverage our in depth relationships with potential sources of capital throughout a number of trade verticals, and highlights the experience and information of our Power Group,” stated Chris Shepard, Managing Director and Co-Head of Funding Banking at Imperial Capital. Lenny Bianco, a Managing Director within the Power Group, added, “We’re happy to have crafted a bespoke debt construction and recognized a great associate to assist the Firm’s progress plans whereas limiting dilution to present shareholders.”
About Service Compression, LLC
Service Compression is a number one supplier of pure gasoline compression companies to exploration & manufacturing firms on the wellhead. Service Compression is concentrated on advancing the ESG initiatives of the upstream oil & gasoline sector via its differentiated service and know-how choices. The Firm is headquartered in Lubbock, TX with subject places of work in assist of its operations. For extra info, please go to www.servicecompression.com.
About Crestline Buyers, Inc.
Crestline Buyers, Inc., based in 1997 and primarily based in Fort Value, Texas, is an institutional various funding administration agency with roughly $15.0 billion in belongings below administration. Crestline makes a speciality of credit score and opportunistic investments, together with financing and restructuring options for mature personal fairness funds. As well as, the agency manages a multi-PM fairness market-neutral hedge fund, and offers beta and hedging options for institutional shoppers. Headquartered in Fort Value, Texas, the corporate maintains affiliate places of work in New York Metropolis, London, Toronto and Tokyo. For extra info, please go to www.crestlineinvestors.com.
About Masked Rider Capital, LLC
Masked Rider Capital, LLC (“Masked Rider Capital” or “MRC”) is a multi-family workplace based in 2012 that’s targeted on buying and investing in personal firms. Masked Rider Capital proudly serves decrease and center market companies in West Texas communities and the encircling areas via modern capital options. MRC offers capital within the type of management and non-control fairness, debt and hybrid securities. The agency is trade agnostic and participates in actual property improvement alternatives. MRC is headquartered in Lubbock, TX. For extra info, please go to www.maskedrider.com.
About Imperial Capital, LLC
Imperial Capital, LLC is a full-service funding financial institution providing a uniquely built-in platform of complete companies to institutional buyers and center market firms. We provide subtle gross sales and buying and selling companies to institutional buyers and a variety of funding banking advisory, capital markets and restructuring companies to center market company shoppers. Paired with our proprietary analysis and gross sales & buying and selling desk evaluation, we offer funding evaluation throughout an issuer’s capital construction, together with financial institution loans, debt securities, the hybrid/financial institution capital market (via our ELP Framework), post-reorganization equities, particular conditions claims and listed and unlisted equities. Our complete and built-in service platform, experience throughout the worldwide capital construction, and deep trade sector information allow us to supply shoppers with analysis pushed concepts, superior advisory companies, and commerce execution. We’re fast to establish alternatives below any market circumstances and now we have a confirmed observe file of providing inventive, proprietary options to our shoppers. Imperial Capital, LLC has three principal companies: Funding Banking, Institutional Gross sales & Buying and selling and Institutional Analysis. Extra details about Imperial Capital, LLC could be discovered at www.imperialcapital.com.
For extra info concerning Imperial Capital, please contact:
Company Finance Supervisor
Cellphone: (310) 246-3605
E-mail: [email protected]
SOURCE Imperial Capital, LLC