News Releases

Baker Botts Represents Riverstone Credit Partners LLC in $50 Million Senior Secured Term Loan Credit Facility

Release

Deal Description: Blackbuck Resources LLC (“Blackbuck”), which designs, builds, and operates water infrastructure, entered into a sustainability-linked term loan with Riverstone Credit Partners LLC, a dedicated energy and power credit fund managed by Riverstone Holdings LLC (“Riverstone”). The financing provides an initial commitment of $50 million plus an accordion feature, which gives Blackbuck additional liquidity for growth. The facility’s pricing will be adjusted based upon Blackbuck’s adherence to certain sustainability performance targets, which are defined by key performance indicators set internally by Blackbuck.

Baker Botts represented Riverstone in the transaction.

The Baker Botts Team included:

Finance: Andrew Thomison (Partner, Houston), Clint Culpepper (Special Counsel, Austin) and Regan Vicknair (Associate, Houston)

Real Estate: Patrick Matthews (Special Counsel, Dallas)

Global Projects: Kyle Doherty (Associate, Houston)

Litigation: Aileen Hooks (Partner, Austin) and Greta Carlson (Associate, Houston)

Tax: Jon Lobb (Partner; Houston), Krisa Benskin (Special Counsel, Houston) and Peter Farrell (Senior Associate, Washington)

The press release can be found here.

 

ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 13 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the technology, energy, and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.

Read More

Related Professionals