Third Coast Midstream Completes Successful Debt Refinancing
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HOUSTON, Feb. 12, 2021 /PRNewswire/ Lighthouse Infrastructure, LLC ( Lighthouse ), a wholly owned subsidiary of Third Coast Midstream, LLC ( Third Coast ), has entered into a new five-year credit agreement consisting of a term loan facility in the initial aggregate principal amount of $490 million and a $60 million revolving credit facility ( Facility ). The proceeds of the Facility are being used to redeem the outstanding Third Coast 2021 notes, repay borrowings under Third Coast s prior credit facility, and for general Lighthouse corporate purposes. Third Coast is extremely pleased to have completed its debt refinancing, said Matthew W. Rowland, President and Chief Executive Officer. The new Facility extends our debt maturities, significantly lowers our interest expense, and provides ample access to liquidity. Third Coast s Gulf of Mexico midstream infras
HOUSTON, Texas, Dec 18, 2020 (SEND2PRESS NEWSWIRE) Arroyo Energy Investors, the Houston-based, independent infrastructure investment firm with a footprint in North and Latin America, today announced it closed three large refinancings totaling $821 million during the COVID-19 pandemic. The transactions were executed with several of Arroyo’s strategic lending partners and are illustrative of Arroyo’s experience with such transactions refined over the team’s 25+ years’ experience in the power industry.
The three refinancings, which closed between March and November of this year, were preceded by the execution of value creation initiatives at each of the following portfolio companies: Broad River, an 878 MW dual-fuel peaking plant in South Carolina
Infrastructure investor works across borders to close three significant financings in the United States, Mexico and Chile despite complex market conditions
(HOUSTON, Texas) NEWS: Arroyo Energy Investors, the Houston-based, independent infrastructure investment firm with a footprint in North and Latin America, today announced it closed three large refinancings totaling $821 million during the COVID-19 pandemic. The transactions were executed with several of Arroyo’s strategic lending partners and are illustrative of Arroyo’s experience with such transactions refined over the team’s 25+ years’ experience in the power industry.
The three refinancings, which closed between March and November of this year, were preceded by the execution of value creation initiatives at each of the following portfolio companies:
Arroyo Closes $821 Million in Global Refinancings During Pandemic americanpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanpress.com Daily Mail and Mail on Sunday newspapers.