M&A
confidence high
sentiment neutral
materiality 0.60
Mach Natural Resources secures $75M additional term loans to fund Chief Acquisition
MACH NATURAL RESOURCES LP
- Up to $75M in Additional Loans under first amendment to term loan credit agreement.
- Proceeds to partially fund Chief Acquisition of assets from Crescent Gladiator LLC.
- Revolving credit borrowing base reaffirmed at $75M.
- Additional Loans require closing of Chief Acquisition and other conditions.
- Existing term loans outstanding $804.375M as of before amendment.