Dominion Midstream Partners and Dominion Resources closed an agreement in which Dominion Midstream will acquire Questar Pipeline from Dominion for consideration of approximately $1.725 billion, including $435 million of outstanding indebtedness of Questar Pipeline as part of the transaction value.

According to a related 8-K filing, Royal Bank of Canada served as administrative agent for a lender group that provided a $300 million term loan with Dominion Midstream to support the transaction. Mizuho Bank served as syndication agent.

The acquisition has an anticipated effective date of December 1, 2016. The board of directors of Dominion and the board of directors and conflicts committee of Dominion Midstream GP, the general partner of Dominion Midstream, have approved the transaction.

Richmond, VA-based Dominion is a producer and transporter of energy, with a portfolio of approximately 26,000 megawatts of generation, 14,400 miles of natural gas transmission, gathering and storage pipeline, and 6,500 miles of electric transmission lines.