Kingfisher Midstream enters $200M senior secured revolver

Privately-held midstreamer Kingfisher Midstream this week entered into a $200 million senior secured revolving credit facility with ABN AMRO Capital USA as administrative agent, book runner and lead arranger.

Proceeds from the revolving credit facility will be primarily used to fund capital expenditures, including completion of an under-construction 200 million cubic feet per day (MMcf/d) cryogenic gas-processing plant expected to be in service during the fourth quarter.

"We are pleased to work with ABN AMRO, who were able to use their industry knowledge to understand the nuances of our company, resulting in an oversubscribed and successful syndication," said Michael Christopher, Kingfisher’s chief financial officer.

"The company's underlying acreage dedications and STACK footprint (in Oklahoma) are the cornerstone of the credit facility being upsized from $150 million to $200 million," said Casey Lowary, managing director of ABN Amro.

East West Bank and Wells Fargo Bank, are serving as syndication and documentation agents, respectively, with the revolver, Kallanish Energy learns.

Durham Jones & Pinegar served as legal advisors to KFM.  Thompson & Knight acted as legal advisor to ABN AMRO.

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