HOUSTON, June 8, 2023 – ARM Energy Services, LLC (AES), a private energy marketing firm and one of the leading North American physical natural gas marketers, has entered into a $110 million senior secured revolving credit facility with Rabobank as administrative agent, book runner and lead arranger.
AES, together with its affiliates, provides producer services and conducts asset management optimization, logistics and wholesale trading activities across the United States, Canada and Mexico. Proceeds from the revolving credit facility were used to refinance AES’ $85 million credit facility and will support working capital needs and general corporate purposes.
“We are excited to be expanding our credit facility and banking relationships,” said Zach Lee, chief executive officer, ARM Energy Holdings, LLC. “We pride ourselves on identifying synergies across the energy value chain and expect this financing to enhance our overall energy platform.”
“Rabobank is proud to partner with the premier energy marketing and infrastructure firm on its inaugural commodity finance borrowing base facility,” said Christine Dirringer, global head of trade and commodity finance at Rabobank. “This financing will serve ARM well and reflects Rabobank’s strategy of leveraging natural gas as a transition fuel. We look forward to working with the private energy marketing firm for years to come.”
Bo Dunne, chief financial officer, ARM Energy Holdings, LLC added, “We have known the Rabobank team for several years and were impressed with their energy capabilities in leading this inaugural deal. We are pleased to welcome high-quality commodity finance banks into our transaction, including Brown Brothers Harriman, First Horizon Bank, Macquarie Group and Valley National Bank. The composition of the syndicate, coupled with a $90 million accordion provide a clear path to execute our growth initiatives.”
About ARM Energy Holdings, LLC
Headquartered in Houston with offices in Calgary, Denver, Los Angeles and Nashville, the premier energy marketing and infrastructure firm is active in every sector of the energy value chain across all major North American oil and gas basins. Our integrated, diversified portfolio includes (i) ARM Energy Management LLC, providing physical energy marketing, transportation and asset management services and trading; (ii) ARM Midstream, LLC, providing midstream investment, infrastructure development and operations, (iii) ARM Canada US, LLC providing physical energy marketing services for Canadian producers, and (iv) ARM Alternative Energy, LLC, providing services and operational solutions across various alternative and renewable energy sources. For more information, please visit www.armenergy.com.
About Rabobank
Rabobank Group is a global financial services leader providing wholesale and retail banking, leasing, and real estate services in more than 37 countries worldwide. Founded over a century ago, Rabobank today is one of the world’s largest banks with over $678 billion in assets.
In the Americas, Rabobank Wholesale Banking North America is a premier corporate and investment bank to the food, agribusiness, commodities and energy industries. Rabo AgriFinance, a subsidiary of Rabobank, is a leading financial services provider for farmers, ranchers and agribusinesses in the United States. Together, we provide sector expertise, strategic counsel and tailored financial solutions to clients across the entire value chain. Visit www.RabobankWholesaleBankingNA.com and www.RaboAg.com.
