Howard Energy Partners
Description
Announced extension of its $1 billion revolving credit facility. Proceeds will be used to help finance the previously announced build-out of a major renewable diesel logistics facility in Port Arthur, Texas, which is underpinned by a long-term agreement with Diamond Green Diesel, a 50:50 JV between Valero Energy Corp. and Darling Ingredients Inc. RBC Capital Markets was lead left arranger and administrative agent. Sidley Austin LLP acted as counsel. Holland & Knight LLP acted as counsel to the administrative agent.