Fundare Resources Announces Financing with Valor Upstream Credit Partners

Concurrently with the closing of the credit facility, Fundare has merged all businesses under Fundare’s management, Fundare Redtail, LLC, Rangeview Green River, LLC and Moonrise Midstream, LLC, as well as their wholly-owned subsidiaries, under one entity. The proceeds of the credit facility will be used to retire all existing debt held by the merged entities and to fund future development of Fundare’s oil and gas properties and Moonrise Midstream’s growth projects.

The Vinson & Elkins finance team was led by partner Caitlin Turner, counsel Zach Rider, and associates Natalie Harrison, Lary Yau and Patrick Darby. Also advising were counsel Noelle Alix; counsel Scot Dixon; partner Wendy Salinas, and associates Lauren Nieman and Patrick Darby; partner Benji Barron and associate Alex Riddle; senior associate Michael Zarcaro and associates Joseph Balhoff, Darren Fox, Vestita Zumot, Pete Berquist and Ryan Bullard. Paralegals Kerryanne McHugh, Sydney Finelli and Kathy Truett also assisted in this transaction.