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CM -Lenders increase Solaris Water’s revolver size to $350MM - July 2019
Solaris Water Midstream, LLC increased the size of its revolving credit facility by $100 million to $350 million. The increased capacity will help the company grow its operations in the Permian Basin. The company said that its undrawn revolver balance and as-of-yet unfunded capital commitments from its investors give Solaris about $295 million in liquidity to expand. Cadence Bank leads the company’s lending syndicate, which also consists of Wells Fargo, Citizens Bank, East West Bank, Texas Capital Bank and Woodforest National Bank.......
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