HOUSTON, Jul 26, 2021 / PRNewswire / – Anvil Channel Energy Solutions Announces Final Closure Today USD 65,000Priority Secured Credit Line to Certus Oil & Gas, Inc. US $ 000,000 to support the acquisition of upstream assets in the central Albert… The deal marks the first cross-border deal undertaken under Anvil Channel’s new direct energy lending initiative.
“We are delighted to have successfully completed this transformative deal with the support of the Anvil team; Anvil’s creative capital solution comes at a critical juncture in our company’s growth cycle. ” said Rob Brady President and CEO of Certus.
Anvil is committed to bridging the gap between bank lenders that have largely abandoned the micro and mid-cap market in the US and the US. Canadaas well as the usually more expensive mezzanine and preferred stock providers.
“We were particularly happy to provide a liquidity solution in this ever-challenging energy space.” Noted for Carey Meadow, Chairman and CEO of Anvil Channel. “This deal perfectly reflects Anvil’s vision and mission to provide established producers with much-needed acquisition and development opportunities to meet their growth goals in a tight liquidity market.”
The proceeds from the loan were used to finance the corporate acquisition of Sitka Exploration Ltd., geographically and technically providing additional assets to the existing Certus platform.
Anvil continues to seek out reliable sponsoring partners with deep exploration and production knowledge that require capital to acquire, refinance and develop to extract assets.
Noted David O’Driscoll, Co-CIO and President of Anvil Channel: “We are delighted to partner with the Certus team to support their transformative acquisition and next phase of growth. Our expanded investment mandate allows us to consider supporting proven management teams in Canada as well as in the United States, and we are delighted that this first cross-border deal was closed on an expedited basis. ” Echoing this view, CIO James Avery said: “We believe our ability to expand lending in this environment makes us an extremely competitive alternative to other sources of capital while maintaining a comfortable price level for the Company by adapting costs to production and cash flows. and we look forward to continuing to explore new opportunities throughout the year. “
About Certus Oil and Gas Inc.
Certus is a privately held company with a central Albert since 2017.
About Anvil channel
Anvil Channel Energy Solutions is a private direct lender specializing in energy production. With offices in New York and Houston the company invests within a strictly limited framework of value-oriented oil and gas opportunities with the support of several institutional blue-chip investors. More information is available on his website: http://www.anvilcp.com
SOURCE Anvil Channel Energy Solutions