Service Compression LLC
Description
Closed on a commitment of first lien senior secured credit facilities with Crestline Investors Inc. Proceeds will be used for the acquisition of incremental wellhead compression in the Permian Basin and the kickoff of a newbuild electric-driven wellhead compression program. The acquisition will grow the company's fleet to about 239,000 hp serving blue chip customers in the Permian Basin, Midcontinent, Barnett Shale and Ark-La-Tex regions. Imperial Capital LLC served as exclusive financial adviser and Baker Botts LLP as legal counsel to Service Compression. Haynes and Boone LLP served as legal counsel to Crestline.