Modern Bank (MBG) Closes Strategic Energy RBL Facility in Texas

Lubbock, TX – MBG is pleased announce the successful closing of an energy upstream reserve-based revolving line of credit for a Houston, TX-based E&P company. With MBG acting as lead arranger for this clubbed facility, this transaction delivered critical debt capital, supported by a strong consortium of accredited investors, enabling the Borrower to acquire primarily operated natural gas properties and proved reserves across multiple counties in South Texas. Strategically located along the Texas Gulf Coast, these assets are well positioned to drive sustainable growth, significant upside, and enhance long-term shareholder value.

“Enduring partnerships are built on trust, alignment and a shared strategic vision. This transaction reflects our continued commitment to partnering with sponsors and borrowers who share our discipline and prudent approach to capital deployment within the exploration and production sector” said Steven Caligor, Chief Lending Officer. “We look forward to building on this momentum as we expand our platform and strengthen partnerships with leaders in the Energy, Real Estate, C&I, Technology, and Equipment Finance sectors”.

MBG’s Energy Lending team showcased exceptional performance in driving the timely closing of this facility for the Borrower. This achievement underscores the power of strong collaboration and transparent communication among our Managing Director Thomas E. Stelmar, Jr., Assistant Vice President Kelly Maloney, Chief Lending Officer Steven Caligor, the Borrower, and our banking partners.

Modern Bank N.A., Member FDIC | Equal Housing Lender