Proserv completes $215m refinancing agreement

Proserv has completed a $215m (approximately £133m) refinancing agreement. The term loan and revolving credit facility, which will be used to drive sustainable growth and future expansion, is being supported by HSBC, Lloyds, Barclays, Santander, Wells Fargo and RBS.

More specifically, the finance will be used to pay down existing debt, pursue new strategic acquisitions and support the company’s continued growth strategy.

Proserv is a provider of exploration and production, drilling and infrastructure technical services to the global energy industry.