COLLEGE STATION, Texas, September 15, 2023 (Newswire.com)
In June 2023, Monarch Resource Partners LLC (“Monarch” or “Company”) successfully completed its second equity capital raise which provides Monarch with additional growth capital to meet robust demand and continue to build the industry’s leading 100% electric drive gas compression company. The follow-on equity raise was provided by existing investors, anchored by Table Rock Group and Appareo Capital, and includes numerous seasoned energy industry executives. In conjunction with the follow-on equity raise, Monarch closed on a new significantly larger senior credit facility led by Texas Capital Bank and syndicated with Woodforest National Bank, Susser Bank, Bank of Texas, and First Horizon Bank to provide additional growth capital for the Company.
“Texas Capital is pleased to serve as lead arranger for Monarch Resource Partners’…