ARM Energy and Rabobank Successfully Upsize Credit Facility to $160 Million
ARM Energy Services, LLC (AES), one of the largest private North American physical natural gas marketers, and Rabobank, a premier global food and agribusiness bank and a leading financier of the energy transition, have amended their senior secured credit facility, increasing the revolving credit capacity by an additional $50 million to $160 million.
- ARM Energy Services, LLC (AES), one of the largest private North American physical natural gas marketers, and Rabobank, a premier global food and agribusiness bank and a leading financier of the energy transition, have amended their senior secured credit facility, increasing the revolving credit capacity by an additional $50 million to $160 million.
- The increased credit facility will provide additional liquidity for working capital and corporate purposes.
- Zach Lee, chief executive officer, ARM Energy Holdings, LLC stated, “This increased credit capacity positions ARM Energy strongly to meet the needs of our growing end-user customer segments.
- The energy commodity fundamentals are increasingly driven by global factors, presenting both challenges and opportunities for customer segments.