Independent energy company, RAM Energy Resources, has secured credit facilities worth $325 million. The new loans include a revolving credit facility worth $250 million and term loan facility worth $75 million.
The new loans have been obtained to replace the company’s previous maturing credit facility. The lead agent for the revolving facility was SunTrust Robinson Humphrey, while Guggenheim Corporate Funding is the agent for the term loan facility.
Click here for the release from RAM Energy Resources.