debt
confidence high
sentiment positive
materiality 0.50
Ranger Energy Services increases revolving credit facility by $15M to $65M via Eclipse Business Capital
Ranger Energy Services, Inc.
- Amended loan agreement with Eclipse Business Capital raises maximum facility to $65 million from $50 million.
- Eclipse Business Capital SPV, LLC provided the entire $15 million increase effective January 7, 2022.
- Borrowers include RNGR Energy Services, Ranger Energy Services, and several subsidiaries; guarantees from parent and others.
- No events of default existed; loan parties reaffirmed representations and warranties.