AB Private Credit Investors as Co-Lead Arranger and Administrative Agent, upsized its existing $120 million credit facility to $200 million. Proceeds from the upsize will help finance the continued development of Caprock’s gathering and processing assets.
AB-PCI leveraged its experience and knowledge of the energy industry to deliver capital availability for significant future growth.
Caprock Midstream provides natural gas gathering, processing, oil gathering, water gathering and water disposal in the Delaware Basin, and was founded in 2015 through a partnership with Energy Spectrum Partners VII, LP.
Energy Spectrum Partners VII is the latest fund of Energy Spectrum Capital, a leading private equity firm that has raised over $3.5 billion since inception in 1996 focused exclusively on the energy industry.
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