US Capital Partners Provides $4.6 Million Financing for Oilfield Services Company
US Capital Partners, LLC continues to extend its financing record within the energy industry by backing a growing oilfield services firm with operations in the Rocky Mountains.
SAN FRANCISCO, SEPTEMBER 2013 - US Capital Partners, LLC has structured and provided a $4.6 million machinery and equipment term loan for a fast-growing US firm in the oilfield services sector (the “Company”). US Capital Partners is a private investment bank that makes direct debt investments, participates in debt facilities, and arranges equity placements for small to lower middle market companies.
The oilfield services firm aims to provide best-in-class services to oil and gas exploration and production companies in the Rocky Mountains. The new financing by US Capital Partners will be used to purchase machinery and equipment to begin operations, and also to support the Company’s growing working capital needs during the early stages of operation.
“We are extremely pleased to have provided $4.6 million in term loan financing for this highly promising oilfield services firm,” said Jeffrey Sweeney, CEO and Managing Director at US Capital Partners. “The Company needed our expertise to structure, underwrite, and provide optimal debt financing. US Capital Partners not only successfully provided funding for the Company but also securitized machinery and equipment only, thereby leaving other assets available for leverage.”
About the Oilfield Services Firm
The Company’s management team has extensive experience in the oil and gas well service industry and is dedicated to the Company’s goal of providing best-in-class services for oil and gas exploration and production firms in the Rocky Mountains. The Company’s wide range of services include the completion of oil and gas wells, well maintenance and workovers, and the provision of specialized equipment required to service wells.
About US Capital Partners, LLC
Since 1998, US Capital Partners (www.uscapitalpartners.net) has been providing prompt, innovative, and reliable financing solutions including lending, equity financing, and debt re-structuring to businesses across the United States and abroad. US Capital Partners is a private investment bank, direct lender, co-lender, and lead financial arranger that specializes in asset-based debt for small to middle market private and public companies. The company’s innovative approach allows it to provide the best financing available, not only for companies in excellent financial condition, but also for companies that may have been refused credit by traditional lenders.
To learn more about how your business can secure the funding it needs, email Jeffrey Sweeney, CEO and Managing Director, at email@example.com or call (415) 889-1010.