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HOUSTON--(BUSINESS WIRE)--Nov 29, 2018--Laredo Energy VI, LP (“Laredo” or the "Company") announced today that it closed a $200 million Senior Secured Delayed Draw Term Loan Facility (the “Term Loan”) maturing on November 18, 2021.Laredo used the proceeds from the Term Loan to pay down all borrowings under the Company’s revolving credit facility and also for the subsequent redemption of all outstanding Series A-1 Limited Partner Interests. Commitments and funding secured via the Term Loan were sourced from certain private funds managed by affiliates of Riverstone Credit Partners and other third party financial institutions. This financing transaction was solely led and arranged by Riverstone Credit Partners.