89 Energy III LLC

Description

Received additional equity contributions and a new syndicated credit facility from energy private equity funds managed by Kayne Anderson Energy Funds following the all-equity consolidation of Anadarko Basin portfolio companies Casillas Petroleum Resource Partners LLC, Native Exploration Holdings LLC and Acacia Exploration Partners LLC as part of a new partnership with the 89 Energy III management team serving as new leadership for the combined business going forward. 89 Energy III will also manage the assets of Triumph Energy Partners LLC in the STACK. New, three-year credit facility had a $250 million borrowing base at closing with Wells Fargo Ban NA as administrative agent. Wells Fargo Securities LLC served as left lead arranger.

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