Presidio Secures Up to $1B Acquisition Financing from Goldman Sachs

Presidio Investment Holdings and EQV Ventures Acquisition announced that Presidio has mandated an affiliate of Goldman Sachs to arrange up to $1B in potential acquisition financing for Presidio following the completion of its business combination. Goldman Sachs Bank USA with one or more of its affiliates is expected to serve as sole lead arranger, structuring agent and syndication agent in up to $1B n of potential acquisition financing. The parties have reached commercial agreement on certain high-level terms for the Facility. The closing of the Facility remains subject to the negotiation and execution of terms and definitive transaction agreements, future acquisitions of producing properties, and is subject to acquisition diligence and funding and other relevant approvals, and customary closing conditions. The Facility is expected to provide Presidio with significant capital flexibility to pursue acquisitions of producing oil and gas assets. The Facility is designed to support the aggregation of assets prior to issuing long-term investment grade asset-backed securities, which may be used to repay such Facility. Presidio intends to deploy the Facility to drive dividend growth and long-term shareholder returns by acquiring producing, cash-flowing assets and harvesting meaningful upside through Presidio's strategy of operational optimization. Presidio's business model drives value through the application of modern oilfield practices, proprietary technology including machine learning and AI, and strategic consolidation.