Total operating characteristic

Total Operations and Production Services (TOPS) Announces Upsized Credit Facility

Retrieved on: 
Tuesday, August 22, 2023
Permian, Total operating characteristic, Islamic finance products, services and contracts, Growth, Bank

MIDLAND, Texas, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Total Operations and Production Services, LLC (“TOPS”, or the “Company”) is heading into 2024 with increased capital to support its continued growth and expansion. The Company recently closed a 77% upsize to its existing credit facility, bringing total commitments to $565 million from $320 million and adding two new lenders to the bank group.

Key Points: 
  • MIDLAND, Texas, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Total Operations and Production Services, LLC (“TOPS”, or the “Company”) is heading into 2024 with increased capital to support its continued growth and expansion.
  • The Company recently closed a 77% upsize to its existing credit facility, bringing total commitments to $565 million from $320 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.
  • The addition of two new lenders to the bank group further validates the scale and financial strength exhibited by TOPS.”

Total Operations and Production Services (TOPS) Announces Upsized Credit Facility

Retrieved on: 
Thursday, March 9, 2023
Permian, Total operating characteristic, Growth, Islamic finance products, services and contracts, Renewable energy, TOPS

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.

Key Points: 
  • 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.”

Total Operations and Production Services (TOPS) Announces Leadership Transition

Retrieved on: 
Monday, January 9, 2023
Permian, Retirement, Product-service system, Horsepower, Apollo, Methane, CO2, Growth, Total operating characteristic, Management

MIDLAND, Texas, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Total Operations and Production Services, LLC (“TOPS”, or the “Company”) today announced that L.D.

Key Points: 
  • MIDLAND, Texas, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Total Operations and Production Services, LLC (“TOPS”, or the “Company”) today announced that L.D.
  • Green, Founder and Chief Executive Officer, has elected to retire and transition to serving as Chairman of the Company’s Board of Directors.
  • The Board of Directors has appointed Brian Green, formerly Chief Operating Officer of TOPS who has been with the Company since 2006, to succeed L.D.
  • Green’s leadership to what is today the leading provider of environmentally friendly, electric-drive compressors under contract to top-tier customers in the Permian Basin.