EPIC Y-Grade LP

Description

EPIC Y-Grade LP announced that a subsidiary will construct a second, 110,000 barrel per day greenfield fractionator at its Robstown, Texas, fractionation complex which currently consists of 70 thousand barrels per day of operational fractionation capacity and EPIC first greenfield fractionator that is still under construction. The decision to sanction the second greenfield fractionator resulted from EPIC’s continued success securing fixed-fee multiyear supply contracts with several gathering and processing companies in the Permian Basin.

In conjunction with making the Final Investment Decision, the company upsized its existing Term Loan B by $150 million to finance the project. This upsize brings the total borrowing base of the company to $950 million.

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Companies
Estimated Price
$950.0MM
Financing Type
Report Date