Frack sand provider Shale Support LLC closed an $85 million senior debt facility with Deutsche Bank, the company said July 29.
Proceeds will refinance existing debt and complete capex projects in mining and processing facilities in the Eagle Ford and Permian Basin. In the Eagle Ford, Shale Support owns Southton Raily Yard which is one of the largest unit train capable transloading facilities in the play.
Kevin Bowen, co-founder and CEO, said Shale Support helps operators control expenses by closing the gap between mining and logistical needs.
“We’re thrilled to have Deutsche Bank added to our list of financial partners and have been extremely impressed with its knowledge of our markets and long term vision. We look forward to an ongoing relationship with the company,” said Jeffrey Bartlam, co-founder and president.
Shale Support LLC is based in Picayune, Miss.
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