HOUSTON–(Organization WIRE)–Blackbuck Means LLC (“Blackbuck”), which styles, builds, and operates water infrastructure, announced it has expanded its sustainability-linked expression personal loan with Riverstone Credit rating Associates LLC, a focused credit history financial commitment platform concentrated on power, power, decarbonization, and infrastructure managed by Riverstone Holdings LLC (“Riverstone”). The upsized funding gives Blackbuck with added liquidity to execute on accretive growth ensuing from not too long ago signed contracts close to its Midland Basin and Delaware Basin platforms. The facility’s pricing will be modified based upon Blackbuck’s adherence to certain sustainability efficiency targets, which are defined by key functionality indicators established internally by Blackbuck. Blackbuck attained a second celebration viewpoint from Sustainable Fitch that considered the transaction to be aligned with the 5 pillars of the LSTA Sustainability-Linked Mortgage Ideas.
“The workforce has been functioning hard on executing our strategy to deliver price to new shoppers adjacent to our present platforms. We’re pleased to see this paying off as we go on to signal very long-term contracts with new, superior-high quality clients,” mentioned Blackbuck CEO & President Justin Love. “Riverstone has been a fantastic associate to Blackbuck, and this growth money further more aligns with our predicted ongoing expansion in a robust macro natural environment.”
Foley & Lardner LLP served as lawful adviser to Blackbuck. Baker Botts L.L.P. served as lawful adviser to Riverstone.
About Blackbuck Methods LLC
Based mostly in Houston and Midland, Blackbuck layouts, builds, and operates h2o infrastructure and delivers providers for the oil and gas business, with a main aim on the Permian Basin. The workforce is comprised of pros with knowledge in water disposal and remedy, pipeline administration and oil and gas operations. Blackbuck is backed by private equity sponsor Cresta Cash Administration. For more data, pay a visit to www.blackbuckresources.com.
About Riverstone Holdings LLC
Founded in 2000, Riverstone is an financial investment business concentrated on executing non-public fairness and credit rating investments in electrical power, electrical power, decarbonization and infrastructure. To day, the Firm has raised roughly $43 billion of funds, which it has deployed across its platform to more than 200 portfolio organizations considering the fact that inception. For additional data about Riverstone, be sure to stop by www.riverstonellc.com.
About Cresta Fund Management
Blackbuck is a portfolio enterprise of Cresta Fund Management (“Cresta”), a development-oriented, middle industry-centered non-public fairness agency with in excess of $1 billion of belongings below administration that invests in sustainable and traditional strength, industrial, materials, and agricultural infrastructure. Started in 2016 and based in Dallas, Texas, Cresta’s group has a powerful operational heritage, with many years of combined enhancement, engineering, business, investing, authorized and monetary experience in the infrastructure field, and its founding partners have worked with each other as a team because 2007. For far more details, please go to: www.crestafunds.com.