Blue Racer Midstream completed an amendment and restatement of its existing revolving credit facility. The amended and restated credit facility provides up to $750 million of borrowing capacity and extends the facility’s maturity date by three years to 2025.
A syndicate of 15 banks committed to the facility. Wells Fargo Securities acted as sole bookrunner. Wells Fargo, Capital One, RBC Capital Markets, TD Bank, BBVA USA, Truist Securities and U.S. Bank acted as joint lead arrangers.
“We are pleased that members of our existing bank group, along with a group of new lenders, worked with us to amend and restate our existing revolving credit facility,” Kyle Irons, executive vice president and CFO, said. “The amended and restated facility provides Blue Racer with ample liquidity to finance growth opportunities as well as to continue delivering high quality services to our customers in the Appalachian basin.”
Vinson & Elkins acted as legal advisor to Blue Racer Midstream, which is a privately held natural gas midstream company.
