“This latest amendment to our ABL facility significantly expands our revolving credit capacity, materially reduces interest costs and deepens our lender base,” said Greg Powell, President and Chief Financial Officer of Keane. “We are pleased to enhance our already strong liquidity position, enhancing our growth and financial flexibility against a highly constructive market backdrop for
BofA Merrill Lynch, J.P. Morgan, Morgan Stanley, Citigroup, PNC Capital Markets LLC and Barclays acted as the joint lead arrangers and joint book runners for the New ABL Facility. Bank of America, N.A. will serve as the administrative agent for the New ABL Facility. For further information regarding the New ABL Facility, please refer to the Company’s current report on Form 8-K to be filed with the Securities and Exchange Commission.
About Keane Group, Inc.
The statements contained in this release that are not historical facts are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on Keane’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in global, regional or local economic, business, competitive, market, regulatory and other factors, many of which are beyond Keane's control. Any forward-looking statement in this release speaks only as of the date of this release. Keane undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws.
For Keane Group, Inc.