Ares Capital Corporation enables recapitalization and growth of Vista Sand

Published: 04 October 2017

Ares Capital Corporation served as the administrative agent for a $125 million senior debt loan to support the recapitalisation and growth of Vista Sand, a company that specialises in dry silica sand for oil & gas fracturing. The loan included an accordion feature—the option for the company to expand its access to credit—in case Vista Sand experienced additional growth and required more capital than originally predicted.