Emerge Energy plans to pay down revolver with proceeds of stock sale

By Wendy Van Sickle

Columbus, Ohio, Nov. 17 – Emerge Energy Services LP plans to repay borrowings under its amended and restated revolving credit agreement with proceeds from an offering of 2.75 million common units, according to a press release.

Southlake, Texas-based Emerge Energy Services is a limited partnership formed in 2012 by management and affiliates of Insight Equity Management Co. LLC to own, operate, acquire and develop a portfolio of energy service assets.

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