Madava Financial, an energy-focused finance company, announced its official launch.
The company will be led by Chairman Robb Turner and President Mark Green.
Madava's launch coincided with the company's arrangement of a $100 million uni-tranche debt facility for XRO Energy LLC's acquisition of assets from LINN Energy Inc. Those assets included nearly 1,300 wells across 169,000 acres of Wyoming's Washakie/Wamsutter field.
Concurrently, Madava entered into an asset-backed lending facility with Goldman Sachs Group Inc.
Madava specializes in direct senior secured lending to upstream and midstream companies and can also provide mezzanine capital.
