CGCF provided competitive pricing and the required credit capacity despite the Lessee’s rapidly changing credit profile resulting from depressed oil prices. Additionally, CGCF’s deep capital markets capability provided an additional $25MM credit approval further improving the Lessee’s liquidity position.
Lessee: Headquartered in Texas, the Lessee is an independent provider of oilfield services such as well drilling, stimulation, cementing and coiled tubing services.Transaction: $25,000,000 master lease as well as an additional $25MM credit approval. Highlights: CG Commercial Finance provided competitive pricing and the required credit capacity despite the Lessee’s rapidly changing credit profile resulting from depressed oil prices. This transaction is another recent example of CGCF’s ability to fund large, complex transactions in a challenging credit and macro-economic climate.
“I want to personally thank you and your team for all your hard work. You guys were fantastic. Please let me know when you are coming out and I will get our closing dinner scheduled.” Perry Ewing, Corporate Treasurer (vendor).
CGCF’s deep due diligence and broad portfolio capabilities have proven essential for many companies operating within the Energy Sector to obtain the necessary liquidity, structure, and flexibility to continue to operate in a down commodities cycle.