Basic Energy Services upsizes ABL credit facility to $150 million

By Tali Rackner

Minneapolis, April 17 – Basic Energy Services, Inc. amended its existing asset-based lending credit facility to increase the commitments to $150 million from $120 million, according to a press release.

The company also added a lender to the bank group.

All other terms and conditions for the ABL are unchanged.

Basic Energy Services provides well site services and is based in Fort Worth.

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