Total Operations and Production Services (TOPS) Announces Upsized Credit Facility
MIDLAND, Texas, March 09, 2023 (GLOBE NEWSWIRE) -- Total Operations and Production Services, LLC (“TOPS”, or the “Company”) is heading into 2023 with increased capital to fuel its continued growth and expansion. The Company recently closed a 50% upsize to its existing credit facility, bringing total commitments to $320 million from $213 million and adding two new lenders to the bank group. This new round of financing will position TOPS for continued growth in 2023 and beyond, following a record year in 2022 in which TOPS added over 100,000 horsepower to its fleet of electric driven gas compression units.
- MIDLAND, Texas, March 09, 2023 (GLOBE NEWSWIRE) -- Total Operations and Production Services, LLC (“TOPS”, or the “Company”) is heading into 2023 with increased capital to fuel its continued growth and expansion.
- The Company recently closed a 50% upsize to its existing credit facility, bringing total commitments to $320 million from $213 million and adding two new lenders to the bank group.
- “We’re excited to expand our credit facility with both new and existing lenders, and would like to thank J.P. Morgan, as administrative agent, as well as the rest of the bank group on this upsize.
- We would like to thank the bank group for its ongoing support and enthusiasm for TOPS as a leading provider of low emission, electric compression solutions.”