Northern Frac Proppants closes $77M credit facility

Northern Frac Proppants II LLC

Northern Frac Proppants II LLC (NFP), a frac sand producer, has completed a new $77 million senior secured credit facility consisting of a five-year term loan. Proceeds from the new credit facility will be used to expand NFP’s operating frac sand mine and production facility in Alma Center, Wisconsin, as well as to bring online the company’s additional frac sand facilities located on Class 1 rail lines in Wisconsin.

The new credit facility provides NFP with increased capital flexibility to build additional frac sand mine and processing facilities and for future potential strategic opportunities.

Dan Koxlien, NFP’s COO, commented, “Increased demand for our coarse Northern White frac sand proppant has caused us to accelerate plans to bring online our additional mining and processing facilities located directly on the key Class 1 rail lines, all within an 8-mile radius of, and in proximity to, barging, which provides us with greater flexibility to attain operating scale and better serve our customers in all major North American shale plays.”

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...