Vertex Energy Receives Commitment Letter For $125 Million Senior Secured Term Loan
Amount Raised
$125 Million
Round Type
Debt Financing
HoustonOil And GasDescription
HOUSTON, TX / February 22, 2022 / Vertex Energy, Inc. (NASDAQ:VTNR, "Vertex" or the "Company"), a leading specialty refiner and marketer of high-quality refined products, today announced that, in conjunction with its previously disclosed planned acquisition (through one or more of its affiliates) of the Mobile refinery ("Mobile Refinery") and related logistics assets from Equilon Enterprises LLC d/b/a Shell Oil Products US, the Company's wholly-owned subsidiary, Vertex Refining Alabama LLC, a Delaware limited liability company has entered into a commitment letter (the "Commitment Letter") with a syndicate of lenders in respect of a three-year, $125 million first-lien senior secured term loan facility (the "Term Loan"). The closing date and the funding of the Term Loan are subject to the closing of Vertex's planned acquisition of the Mobile Refinery during the first quarter of 2022, in addition to various conditions precedent, as set forth in more detail in the Commitment Letter (including all exhibits thereto) filed with the Securities and Exchange Commission on the Company's Form 8-K on February 22, 2022.
Quick answer
Vertex Energy Inc. raised $125 Million in a Debt Financing round, dated February 22, 2022. Vertex Energy Inc. is based in Houston, Texas, United States.
- How much did Vertex Energy Inc. raise?
- Vertex Energy Inc. raised $125 Million in a Debt Financing round on February 22, 2022.
- What does Vertex Energy Inc. do?
- Vertex Energy is a leading energy transition company that specializes in producing both renewable and conventional fuels.
- Where is Vertex Energy Inc. based and how big is it?
- Vertex Energy Inc. is based in Houston, Texas, United States.
- Who are the decision-makers at Vertex Energy Inc?
- Fundz holds 1 contact at Vertex Energy Inc. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Oil And Gas around the same time
Companies in the same sectors as Vertex Energy Inc. that raised within 45 days of this round, from Fundz verified event records.
- LGX Energy raised $1.4M (Seed) on April 8, 2022.
- DW Energy Group raised $350K (Seed) on April 7, 2022.
- HyperSciences, Inc. raised $200K (Seed) on April 6, 2022.
- Meta Materials raised $20M on April 6, 2022.
- MHR Acquisitions, Inc. raised an undisclosed amount on March 30, 2022.
- Vulcan Infrastructure & Power Inc. raised $100M (Funding Round) on March 24, 2022.
Who to call at Vertex Energy Inc., and when
A new round usually means Vertex Energy Inc. is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Vertex Energy Inc. raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Vertex Energy Inc., from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Vertex Energy Inc.. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Vertex Energy Inc. raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
Vertex Energy Inc. raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.