Fundz

Blackbuck Resources Announces Expansion Of Sustainability-Linked Financing

PRIVATEJul 18, 2022

Round Type

Funding Round

HoustonEnergySustainabilityNatural Resources

Description

Blackbuck Resources LLC (“Blackbuck”), which designs, builds, and operates water infrastructure, announced it has expanded its sustainability-linked term loan with Riverstone Credit Partners LLC, a dedicated credit investment platform focused on energy, power, decarbonization, and infrastructure managed by Riverstone Holdings LLC (“Riverstone”). The upsized financing provides Blackbuck with additional liquidity to execute on accretive growth resulting from recently signed contracts around its Midland Basin and Delaware Basin platforms. The facility’s pricing will be adjusted based upon Blackbuck’s adherence to certain sustainability performance targets, which are defined by key performance indicators set internally by Blackbuck. Blackbuck obtained a second party opinion from Sustainable Fitch that considered the transaction to be aligned with the five pillars of the LSTA Sustainability-Linked Loan Principles.

Quick answer

Blackbuck Resources raised an undisclosed amount in a Funding Round round, dated July 18, 2022. Blackbuck Resources is based in Houston, Texas, United States.

How much did Blackbuck Resources raise?
Blackbuck Resources raised an undisclosed amount in a Funding Round round on July 18, 2022.
What does Blackbuck Resources do?
Based in Houston and Midland, Blackbuck designs, builds, and operates water infrastructure and provides services for the oil and gas industry, with a primary focus on the Permian Basin.
Where is Blackbuck Resources based and how big is it?
Blackbuck Resources is based in Houston, Texas, United States.

Source: Fundz verified event record.

Who else raised in Energy and Sustainability around the same time

Companies in the same sectors as Blackbuck Resources that raised within 45 days of this round, from Fundz verified event records.

  • Yotta Energy raised $1.2M (Seed) on August 30, 2022.
  • Vecino Energy Partners raised $200M on July 19, 2022.
  • FlexGen Power Systems raised $100M (Series C) on July 19, 2022.
  • Xpansiv raised $400M on July 6, 2022.
  • Intersect Power raised $750M (Private Equity) on June 28, 2022.
  • Metaspectral raised an undisclosed amount (Funding Round) on June 14, 2022.

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Company Information

Company

Blackbuck Resources

Location

Houston, Texas, United States

About

Based in Houston and Midland, Blackbuck designs, builds, and operates water infrastructure and provides services for the oil and gas industry, with a primary focus on the Permian Basin. The team is comprised of professionals with experience in water disposal and treatment, pipeline management and oil and gas operations. Blackbuck is backed by private equity sponsor Cresta Funds Management. For more information, visit www.blackbuckresources.com.

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