Twin Eagle Resource Management, LLC (Twin Eagle), one of the largest natural gas marketers in North America, is pleased to announce that it has completed the renewal of its secured revolving credit facility that provides $1.4 billion in capacity for a two-year term maturing in May 2025. The credit facility has an accordion feature providing up to $0.6 billion in additional capacity during the term. The pricing is linked to Twin Eagle’s EcoVadis ESG rating which aligns with the Company’s efforts to make further progress on ESG initiatives and increase transparency.
“The continued strong support of our banking partners has been a key factor in Twin Eagle’s growth over the past twelve years into a premier customer-focused natural gas marketing company,” said Larry Leverett, CFO. “A solid balance sheet and financing flexibility are critical to providing the reliable services that our customers expect.”
MUFG Bank Ltd.; Coöperatieve Rabobank U.A., New York branch; ING Capital LLC; and Wells Fargo Securities, LLC were among the banks serving as joint lead arrangers and joint bookrunners for the facility. An additional eight banks participated at various commitment levels.