Total Operations ups credit facility to $320 million, adds lenders

By Marisa Wong

Los Angeles, March 9 – Total Operations and Production Services, LLC (TOPS) recently closed a 50% upsize to its existing credit facility, bringing total commitments to $320 million from $213 million and adding two new lenders to the bank group, according to a press release.

“We’re excited to expand our credit facility with both new and existing lenders, and would like to thank J.P. Morgan, as administrative agent, as well as the rest of the bank group on this upsize. This additional capital will help fund our continued growth in 2023 and position TOPS to better serve our blue-chip customer base located across the Permian Basin,” chief executive officer Brian Green said in the release.

Based in Midland, Tex., TOPS is a provider of contract gas compression services for the Permian Basin.

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