(Source: Shutterstock/ Blue Racer Midstream)
Blue Racer Midstream LLC, together with its wholly owned subsidiary Blue Racer Finance Corp., announced the pricing of its previously announced offering of senior notes on May 14 in a press release.
The offering includes $500 million aggregate principal amount of senior notes due in 2029 and $500 million aggregate principal amount of senior notes due in 2032.
The 2029 notes, priced at par, will mature on July 15, 2029, and the 2032 notes, priced at par, will mature on July 15, 2032 and will pay an annual interest rate of 7.25%.
The notes offering will close on May 28, subject to customary closing conditions.
Net proceeds from the sale of the senior notes will be used to pay off debt, including the redemption of $600 million of its 7.625% senior notes due 2025 and borrowings under its revolving credit facility.
Recommended Reading
E&P Highlights: Dec. 30, 2024
2024-12-30 - Here’s a roundup of the latest E&P headlines, including a substantial decline in methane emissions from the Permian Basin and progress toward a final investment decision on Energy Transfer’s Lake Charles LNG project.
Baker Hughes Defies Nature with an Upgrade to Ol’ Fashioned Cement
2024-10-15 - Baker Hughes’ InvictaSet uses regenerative capabilities to provide operators with a sustainable cement solution that can last for years.
E&P Highlights: Nov. 4, 2024
2024-11-05 - Here’s a roundup of the latest E&P headlines, including a major development in Brazil coming online and a large contract in Saudi Arabia.
Matador May Tap Its Haynesville ‘Gas Bank’ if Prices Stabilize
2024-10-24 - The operator holds 8,900 net Haynesville Shale acres and 14,800 net Cotton Valley acres in northwestern Louisiana, all HBP, that it would drill if gas prices stabilize—or divest for the right price.
E&P Highlights: Dec. 9, 2024
2024-12-09 - Here’s a roundup of the latest E&P headlines, including a major gas discovery in Colombia and the creation of a new independent E&P.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.