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NexTier enters into term note for $39.43 million with Caterpillar
Chicago, Sept. 7 – NexTier Completion Solutions Inc. borrowed a term note for $39.43 million for an equipment financing loan from Caterpillar Financial Services Corp., according to an 8-K filing with the Securities and Exchange Commission.
Interest is 5.25%.
The master agreement was dated Aug. 20.
The agreement allows secured equipment financing term loans up to $46.5 million.
The equipment loans may be drawn in multiple tranches, with each loan evidenced by a separate promissory note.
All notes mature no later than June 1, 2025.
The guarantor is Tiger Cased Hole Solutions, Inc.
NexTier is a wholly-owned subsidiary of NexTier Oilfield Solutions, a Houston-based provider of integrated well completion services.
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