Finance & Investing | Fundraising | Capital Markets
Tall Oak Scores Up to $200MM in Additional Capital; Eyes MidCon Growth
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Tall Oak Midstream, LLC reported that its subsidiaries, TOMPC, LLC and TOM-STACK, LLC, have each closed a $75 million credit facility with accordion features that allow for expansions to $100 million.
Formed in early 2014, Tall Oak is an independent midstream company focused on providing midstream services to oil and gas producers operating in the Mid-Continent. The senior secured facilities bring Tall Oak’s total debt capacity to $200 million. Together with $700 million in prior private equity commitments from EnCap Flatrock Midstream and Tall Oak’s founders, total financing capacity for Tall Oak I and Tall Oak II now stands at $900 million.
The new TOMPC credit facility replaces the prior TOMPC facility, which was set to mature on October 14, 2015. It will support planned expansions to…
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