EQT Credit completes financing to support Veritas Petroleum Services
EQT Credit, through its Mid-Market Credit investment strategy, is pleased to confirm its support for Veritas Petroleum Services (“VPS” or the “Company”) with the commitment of a USD 95 million senior secured facility to refinance existing debt and a committed acquisition facility to back the Company’s future growth plans. Carved out from DNV and owned by IK Investment Partners, VPS is the leading provider of marine fuel testing and bunker quantity surveys, with broad global coverage via five laboratories. Andrew Cleland-Bogle, Director in EQT Partners’ Credit team and Investment