Ranger Offshore refinances existing credit facility

Ranger Offshore Inc.

Ranger Offshore Inc., a global marine and subsea construction and support services contractor to the offshore oil and gas industry, has refinanced its existing credit facility with White Oak Global Advisors. 

Ranger also says that its equity sponsor, SunTx Capital Partners, has invested additional capital into the business. Proceeds from the White Oak refinancing and capital investment from SunTx will fund the closing of the previously announced acquisition of Technip USA's diving assets and provide the company with additional capital to further implement its strategic growth initiatives.

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...