Foley Represents Blackbuck Resources in Expansion of Sustainability-Linked Financing

20 July 2022 Media Contact: Jen Dilworth News

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.

About Foley & Lardner LLP

Foley & Lardner LLP is a preeminent law firm that stands at the nexus of the energy, health care and life sciences, innovative technology, and manufacturing sectors. We look beyond the law to focus on the constantly evolving demands facing our clients and act as trusted business advisors to deliver creative, practical, and effective solutions. Our 1,100 lawyers across 25 offices worldwide partner on the full range of engagements from corporate counsel to IP work and litigation support, providing our clients with a one-team solution to all their needs. For nearly two centuries, Foley has maintained its commitment to the highest level of innovative legal services and to the stewardship of our people, firm, clients, and the communities we serve.

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