Tall Oak Midstream LLC - 2015-06-24

Subsidiaries of Tall Oak Midstream LLC each closed a $75 million senior secured credit facility. The new TOMPC credit facility replaces an earlier one set to mature Oct. 14. It will support planned expansions to the natural gas gathering and processing system in the central-northern Oklahoma Woodford play. The new TOM-STACK credit facility will help fund construction of the crude oil gathering and transportation system in the Stack play, and the buildout of the gas gathering and processing system in the play. Both new facilities mature on Sept. 30, 2016. Capital One NA led six banks for each credit facility as administrative agent. Capital One Securities, BBVA Compass and BancFirst were joint lead arrangers. Amegy Bank NA was documentation agent. Bank of Oklahoma and KeyBank also participated. Paul Hastings LLP was Tall Oak’s legal counsel. Sidley Austin LLP advised the underwriters.