News Releases

Baker Botts Advises Service Compression in Growth Capital Financing from Crestline Investors

Release

Deal Description: On May 17, 2022, Service Compression, LLC ("Service Compression" or the "Company") announced the closing of a committed financing of up to $215 million of first lien senior secured credit facilities with affiliates of Crestline Investors, Inc. The Company plans to direct the net proceeds from the financing to the acquisition of incremental wellhead compression in the Permian Basin and the kickoff of a newbuild electric-driven wellhead compression program.

Baker Botts served as legal counsel to the Company in connection with the financing.

The Company’s press release may be found here.

Baker Botts Lawyers/Offices Involved:

Corporate: Jon Platt (Partner, Dallas) and Rusty Shellhorn (Associate, Dallas)

Finance: Shad Sumrow (Partner, Dallas), James Bedotto (Senior Associate, Dallas) and Regan Vicknair (Associate, Houston)

Tax: Josh Mandell (Partner, Dallas) and Jordan Hahn (Senior Associate, Dallas)

Benefits: Jason Loden (Partner, Dallas) and Gabriela Alvarez (Associate, Houston)

ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.

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