$5M - $50M
Up to 80-90%
Arena’s Resources Finance platform originates and invests in secured, reserve-based loans for middle-market oil and natural gas exploration and production companies (including royalty and mineral aggregators) and asset-based and cash-flow-based loans for select natural resource based businesses and infrastructure companies across midstream, downstream, agriculture, chemicals, metals and mining, power and utilities, and renewables industries located throughout North America.
- Oil & Gas: Upstream, Midstream, Downstream
- Royalty and Mineral Aggregators
- Precious Metals
- Metals & Mining
- Power & Utilities
Arena generally focuses on debt investment opportunities that do not typically attract the attention of conventional bank or commercial finance lenders.
1st/2nd lien on producing assets, advance against PDP, PDNP, PUD, probable reserves, A/R, inventory, non-GAAP, special situations, cash flow, royalties, minerals
Private equity sponsors, independent sponsors, and directly with management and owners of companies
Acquisition and Development Financings
Recompletions, workovers, infill drilling, new horizons, asset acquisitions
Convertible debt preferred equity, debt with warrants
Recapitalizations, Restructurings, and Exit Financings
Senior stretch, bridge loans, DIP loans, balance sheet repositioning