Cypress Energy Partners LP

Description

Closed a $43.5 million placement of convertible preferred units to an affiliate, using the proceeds to pay down debt and allowing it to extend the maturity of its credit facility three years from the closing date of the renewal. The amended $90 million revolving credit facility has a $20 million accordion feature (for a total of $110 million).

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Estimated Price
$44.0MM
Financing Type
Report Date