Momentum Raises $100M of Debt Financing

Momentum Oil & Gas, a Kayne Anderson Capital Advisors portfolio company, secured $100 million of debt financing from BNP Paribas, Union Bank and Bank of Texas. The company was legally advised by Locke Lord Bissell & Liddell on the four-year credit agreement. Momentum was formed late last year as a platform for acquiring and developing oil and gas properties in the Mid-Continent and onshore Gulf Coast regions.