$5M | Debt and capital for oil and gas trucking company

KitsWest Capital advised a midstream oil and gas trucking company headquartered in Alberta on the structuring and execution of a $5M senior debt facility. The financing supported working capital, fleet financing, and operational growth across the midstream services platform. The borrower needed a lender match that understood cyclical energy services revenue patterns, equipment-secured collateral structures, and the cash flow rhythm of contract trucking work.

The mandate

The engagement covered situation review and capital structure analysis, preparation of a confidential lender package, identification and engagement of qualified Canadian senior lenders with energy services exposure, term sheet negotiation, and execution through to closing. Multiple lenders were brought to bid to optimize pricing, advance rates, and covenant flexibility, and the final structure paired senior debt with appropriate equipment financing terms.

Why this transaction represents our practice

This $5M financing is representative of the debt and capital advisory work KitsWest delivers for owner-managed businesses in oilfield services, trucking and logistics, and other energy-adjacent sectors across British Columbia, Alberta, and Saskatchewan. Independent capital advisory matters most where the lender map is sector-specific and where borrowers benefit from running a competitive process rather than accepting the first term sheet offered.