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.

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