Montauk Energy Holdings amends existing senior secured revolving credit and term loan facility
Clients Montauk Renewables, Inc.
Jones Day represented Montauk Energy Holdings, LLC, as borrower, and certain of its affiliates as guarantors, in connection with a fourth amendment and joinder to their existing senior secured revolving credit and term loan facility with Comerica Bank, as agent. The amended facility includes a $120 million revolving credit line and a $80 million term loan.
Montauk is a renewable energy company specializing in the recovery and processing of biogas from landfills and other non-fossil fuel sources for beneficial use as a replacement to fossil fuels. Montauk is one of the largest U.S. producers of RNG and its revenues have grown substantially from $33.8 million in 2014 to $100.4 million in 2020.