Basic Energy Services, Inc. $180 Million Term Loan Credit Agreement
Davis Polk advised certain lenders in connection with a $180 million term loan credit agreement among Basic Energy Services, Inc., as borrower, the lenders from time to time party thereto and U.S. Bank National Association, as administrative agent for the lenders.
Basic Energy Services, Inc. provides a wide range of well site services in the United States to oil and natural gas drilling and producing companies, including completion and remedial services, fluid services, well servicing and contract drilling.
The Davis Polk financing team included partner Meyer C. Dworkin and associates A. Nicholas Doran, Samantha Hait and Scott M. Herrig. The capital markets team included partner Byron B. Rooney and associate Darren Jackson. The insolvency and restructuring team included partners Marshall S. Huebner and Timothy Graulich. The real estate team included counsel Susan D. Kennedy and associate David M. Adler. All members of the Davis Polk team are based in the New York office.