Emerge Energy boosts revolver to $200 million with two new lenders

By Toni Weeks

San Luis Obispo, Calif., Dec. 12 - Emerge Energy Services LP increased the commitments under its revolving credit and security agreement on Tuesday to $200 million from $150 million, according to an 8-K filing with the Securities and Exchange Commission.

The company amended its agreement dated May 14, 2013, raising commitments by adding Santander Bank, NA and Branch Banking and Trust Co. as additional lenders and modifying lenders' commitment percentages.

PNC Bank, NA is the administrative agent and collateral agent for the agreement.

Houston-based Emerge is engaged in mining, producing and distributing silica sand, a key input for the hydraulic fracturing of oil and gas wells. It also processes transmix, distributes refined motor fuels and biodiesel, operates bulk motor fuel storage terminals and provides complementary services.

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