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Berry Corp Closes Debt Refinancing with Valor Upstream Credit Partners and Vitol
Dec 27, 2024•over 1 year ago
Contract Type
agreement
Cannabis
Description
Berry Corp has closed a debt refinancing with Valor Upstream Credit Partners and Vitol, borrowing $450 million under the term loan credit agreement. The proceeds will be used to fund the full redemption of outstanding 7% senior notes due 2026 of its subsidiary Berry Petroleum Co. LLC, as well as for capex and other general corporate purposes.
Agreement Insights
Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months