$200M Revolving Credit Facility for Lucid Energy Group
March 06, 2014
Private equity-backed Lucid Energy Group has finalized a four-year, $200 million revolving credit facility from joint lead arrangers Wells Fargo Securities and Cadence Bank. The company has increased its capital sources to support the expansion of its pipeline gathering system and natural gas processing facilities in West Texas. Backed by EnCap Flatrock Midstream, the company's available financing now totals about $425 million.