Energy

Investment Size

$5M - $50M

LTV/LTC

Up to 80-90%

Average Term

1-3 Years

Geography

North America

Strategy Description

Arena's Energy Finance platform originates and invests in secured, reserve-based loans for middle-market oil and natural gas exploration and production companies (including royalty and mineral aggregators) and asset-based and cash-flow-based loans for select natural resource based businesses and infrastructure companies across midstream, downstream, agriculture, chemicals, metals and mining, power and utilities, and renewables industries located throughout North America.

  • Oil & Gas: Upstream, Midstream, Downstream
  • Royalty and Mineral Aggregators
  • Precious Metals
  • Agriculture
  • Chemicals
  • Metals & Mining
  • Power & Utilities
  • Renewables

Arena generally focuses on debt investment opportunities that do not typically attract the attention of conventional bank or commercial finance lenders.

Underwriting Ability

1st/2nd lien on producing assets, advance against PDP, PDNP, PUD, probable reserves, A/R, inventory, non-GAAP, special situations, cash flow, royalties, minerals

Sponsorship

Private equity sponsors, independent sponsors, and directly with management and owners of companies

Investment Structures

Acquisition and Development Financings:

Recompletions, workovers, infill drilling, new horizons, asset acquisitions

Structured Investments:

Convertible debt preferred equity, debt with warrants

Recapitalizations, Restructurings, and Exit Financings:

Senior stretch, bridge loans, DIP loans, balance sheet repositioning

Leveraged and Management Buy-Outs

Contact Us

Sample Transactions

ArenaFinCo-Energy-2019-04-09

1st Lien Senior Secured Term Loan

 

E&P

Fort Worth, TX


November 2018

$20,000,000

ArenaFinCo-Energy-2019-04-09

1st Lien Senior Secured Term Loan

 

E&P

Tulsa, OK


September 2018

$3,000,000

ArenaFinCo-Energy-2019-04-09

1st Lien Senior Secured Term Loan

 

E&P

New Orleans, LA


May 2018

$50,000,000

ArenaFinCo-Energy-2019-04-09

Asset Purchase

 

E&P

Denver, CO


July 2018

$20,000,000

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