RockPile ups senior secured revolver via Citibank to $150 million

By Tali Rackner

Norfolk, Va., Nov. 19 – RockPile Energy Services, LLC, increased the borrowing capacity under its senior secured revolving credit facility on Nov. 13 to $150 million from $100 million, according to an 8-K filing with the Securities and Exchange Commission.

The amendment also modifies covenants in the RockPile credit agreement related to restrictions on the payment of dividends and distributions and increases the amount of permitted capital expenditures.

The facility maintains the accordion feature that allows for expansion of the facility by up to an additional $50 million, resulting in a total borrowing capacity of $200 million.

Citibank, NA is the administrative agent and collateral agent.

RockPile is a wholly owned subsidiary of Triangle Petroleum, focused on providing a full suite of completion services to the leading operators in the Williston Basin of North Dakota and Montana. The company is based in Denver.

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