Foley & Lardner LLP announced today that it served as legal advisor to Blackbuck Resources LLC (“Blackbuck”), which designs, builds, and operates water infrastructure, in the expansion of its sustainability-linked term loan with Riverstone Credit Partners LLC, a dedicated credit investment platform focused on energy, power, decarbonization, and infrastructure managed by Riverstone Holdings LLC (“Riverstone”).
The upsized financing provides Blackbuck with additional liquidity to execute on accretive growth resulting from recently signed contracts around its Midland Basin and Delaware Basin platforms. The facility’s pricing will be adjusted based on Blackbuck’s adherence to certain sustainability performance targets, defined by key performance indicators set internally by Blackbuck.
Based in Houston and Midland, Blackbuck designs, builds, and operates water infrastructure and provides services for the oil and gas industry, with a primary focus on the Permian Basin. The group is comprised of pros with expertise in water disposal and therapy, pipeline administration and oil and fuel operations.
The Foley team representing Blackbuck was led by Partner Hoang Quan Vu and Associate Jenny Gardner and included Special Counsel Nick Faleris and Associate Jaylin Taff.
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