Canyon Midstream Secures $50 Million Credit Facility

Looks like Wells Fargo is doing small deals again.

HOUSTON, Sept. 4, 2014 /PRNewswire/ — Canyon Midstream Partners, LLC (“Canyon”) announced today that it has secured a four-year, $50 million credit facility, which can be expanded to $100 million. Proceeds from the credit facility will fund Canyon’s expansion plans in the Permian Basin, the Eaglebine play in East Texas and the Tuscaloosa Marine Shale.

Wells Fargo Securities, LLC was the sole lead arranger and sole bookrunner of the credit facility, which closed on August 29, 2014. Wells Fargo Bank, N.A. (“Wells Fargo”) is the Administrative Agent under the credit facility, and Royal Bank of Canada (“RBC”) acted as Syndication Agent. Vinson & Elkins LLP served as counsel for Wells Fargo. Canyon was represented by Porter Hedges.

Read more at MarketWatch.com

M&A Freelancing – The Future

For most M&A professionals, a career starts at investment banks, where thousands of analysts are hired each year and rigorously trained in financial analysis, Microsoft Excel, market research, and presentation building. While a few climb the ranks to become relationship-focused managing directors, the majority leave, switching to investment careers at private equity firms and hedge funds, strategy careers at large corporations, or abandoning the M&A world altogether.

Read More: