New Funding Provides Tools to Pursue Strategic Commercial Deals As Current System Volume on Pace to Double by 2019

HOUSTON, TEXAS, August 31, 2018 – Azure Midstream Energy LLC (“Azure”) announced today it has closed on a first lien senior secured credit facility led by ABN AMRO and a second lien secured term loan facility led by Madava Financial. The proceeds from this new debt were used to pay off Azure’s existing credit facility while adding an upsized revolving credit facility and extending the maturity.

ABN AMRO acted as Sole Bookrunner, a Joint Lead Arranger and Administrative Agent with Capital One as a Joint Lead Arranger with respect to the first lien credit facility. Thompson & Knight LLP served as counsel for ABN AMRO and Latham & Watkins LLP served as counsel for Azure.

Company’s Announcement In Tandem With XRO Energy Transaction

Houston, TX, March 5, 2018— Madava Financial (“Madava”), a private, energy-focused finance company today announced its official launch along with news of its first transaction. Madava is led by Chairman, Mr. Robb Turner and President Mr. Mark Green, both successful energy finance professionals.

Madava was formed to provide flexible capital solutions to the energy industry and seeks to fill the gap left by banks exiting the non-conforming lending market. The Company specializes in direct senior secured lending to upstream and midstream companies and can also provide mezzanine capital.