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SMITH & CALVERT ASSIST IN SECURING INAUGURAL $200MM CREDIT FACILITY

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August 8, 2017 — Durham Jones & Pinegar Shareholders Russell K. Smith and Elisabeth Calvert served as legal advisors to Kingfisher Midstream, LLC (KFM), of Houston, TX, in securing inaugural $200 million credit facility to fund future growth of KFM.

KFM, a private gathering and processing midstream company, entered into the $200 million senior secured revolving credit facility with ABN AMRO Capital USA, LLC (“ABN AMRO”) as Administrative Agent, Book Runner and Lead Arranger.  East West Bank and Wells Fargo Bank, NA act as Syndication Agent and Documentation Agent, respectively. Proceeds from the revolving credit facility will be primarily used to fund capital expenditures, including completion of a new, under-construction 200 Mmcf/d cryogenic processing plant expected to be in service during the fourth quarter of 2017.

Smith and Calvert serve as co-chairs for the D|J|P Business & Finance Section. Congratulations to all involved!