Capital One leads $70M credit facility for Permian Basin Materials

Capital One NA Sponsor Finance led a $70 million senior secured credit facility for Permian Basin Materials LLC (PB Materials), majority owned by funds managed by WL Ross & Co. LLC. Capital One acted as administrative agent and sole lead arranger for the transaction.

PB Materials is a regional producer of ready-mix concrete and sand and gravel and limestone aggregates in the Permian Basin region of West Texas and New Mexico.

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


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...