FINANCIAL ADVISOR
Nest Sustainable Waste, LLC
Debt Capital Markets
Senior Secured Debt
Transaction Details
- On April 11, 2023, Nest Sustainable Waste, LLC (“Nest” or the “Company”) closed on the acquisition of the Northern Delaware Basin Landfill (“NDBL”)
- NDBL is a 540-acre, 42-million-ton oil and gas landfill strategically located in the heart of the Northern Delaware Basin
- Chris Cooper and Roger Johnson lead Nest, a newly formed entity to own and operate key energy and environmental infrastructure assets
- Stephens arranged equity and debt financing for the transaction
- The equity was provided by a group of family office investors
- A new senior secured credit facility was provided by a bank
About the company
Nest Sustainable Waste, LLC
Nest Sustainable Waste, LLC is a platform created to invest in energy and environmental infrastructure primarily focused on the responsible handling of conventional and clean energy waste streams. The Company is headquartered in Dallas, Texas.
Northern Delaware Basin Landfill
NDBL is a 540-acre, 42-million-ton oil and gas landfill located on Highway 128 between the cities of Jal and Carlsbad in Lea County, New Mexico. The location, site design, technology, and operations allow the facility to handle over 500 loads per day of mud, cuttings, liquids and other solid waste from E&P companies in the core of the Delaware Basin.
Sources: Company Provided Information.
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