Liberty Oilfield Services LLC
Description
Liberty Oilfield Services LLC entered into two new debt facilities consisting of a $175 million, five-year term loan and a $250 million asset-based revolving credit facility subject to a borrowing base. Upon closing, $55 million was drawn on the new ABL, positioning Liberty with over $100 million of available liquidity. The new debt facilities were used to retire the company’s prior debt facilities and will provide liquidity to fund future growth and operations.