The pipeline of financing deals for energy and natural resources companies is staying active for CTSW. In the latest transaction, the firm advised a diversified natural resources company on a $75 million 364-day bridge loan agreement with KeyBank National Association as lender. The firm previously closed a $25 million private placement of senior notes for a natural gas company and a $50 million revolving credit facility for a diesel plant joint venture.
“Over the last several months, energy and natural resources companies have seen changing demand and price volatility weigh on their strategic decisions,” said CTSW’s Walter Godlewski. “That’s why we always look closely at market conditions as well as a client’s capital structure when advising on the selection of a financing vehicle.”