Texas Energy Network, LLC Seals Line of Credit with Amegy Bank

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Texas Energy Network, LLC announced the completion of a line of credit facility with Amegy Bank of Texas that will make funds available to the company as it builds its network.

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Amegy Bank is excited to play a role in helping Texas Energy Network, LLC build their business and is looking forward to being a part of their future ventures...

Texas Energy Network, LLC (TEN) announced today that it had finalized an initial line of credit facility with Amegy Bank of Texas, one of the fastest growing banks in Texas.

“Amegy Bank is excited to play a role in helping Texas Energy Network, LLC build their business and is looking forward to being a part of their future ventures,” said Amegy Bank Private Banker Melissa Dabbs. “Our partnership with TEN demonstrates our commitment to helping local businesses expand and drive the Texas economy,” added Amegy Bank Corporate Banker Kelly Nash.

TEN’s Chief Executive Officer, Gregory M. Casey remarked, " Amegy is the kind of smart financial partner that will help us achieve our goal of blanketing the oilfields of Texas and the world with mission critical bandwidth. It’s to their credit that they recognized the power of what we are doing and stepped forward to supply us with capital. We look forward to expanding our relationship with Amegy as we rollout the TEN network for the Oil and Gas industry”

With assets of approximately $11 billion, local decision making and a history of relationship banking, Amegy has the resources to serve leading Texas companies as a source of capital as well as provide efficient and effective treasury management, international and investment services. The Bank, with more than 71 locations in Houston, seven in Dallas and five in San Antonio, specializes in commercial banking as well as private financial management and trust services for families and individuals, and retail and mortgage banking services. Amegy is a part of the Zions Bancorporation (NASDAQ: ZION) collection of great banks.

By blanketing the oil and gas fields of the world with bandwidth, Texas Energy Network, LLC is being positioned to become the dominant provider of Fourth Generation broadband products and services to the Oil and Gas industry. The company's website can be accessed at http://www.texasenergynetwork.com

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Katie Harness
TEN
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