HOUSTON, TX, September 6, 2017 / PR Newswire/ — Eureka Midstream, LLC, (the “Company”) announced today that it has closed on a $400 million Senior Secured Revolving Credit Facility (the “Credit Facility”).
Credit Facility Highlights
ABN AMRO Capital USA LLC serves as the “Administrative Agent” and “Sole Lead Arranger” under the Credit Facility, with BBVA Compass, CIT Bank, N.A., and U.S. Bank, National Association, serving as “Co-Documentation Agents,” Citibank, N.A., Iberiabank, and Regions Bank serving as “Senior Managing Agents.” Additional participating banks include BNP Paribas, Cadence Bank, N.A., Citizens Bank, N.A., East West Bank, Branch Banking and Trust Company, The Huntington National Bank, and ZB, N.A. DBA Amegy Bank.
Gabe Scott, Chief Financial Officer of the Company, commented, “Eureka’s amended and restated Credit Facility strengthens our Company’s financial flexibility and commitment toward prudent growth. In particular, the improved Credit Facility further enables us to deliver long-term value for our shareholders, implement the strategies required to effectively drive throughput volumes through the Eureka system and maintain our position as one of the industry’s safest and most efficient midstream operators in the Marcellus and Utica shales. I’d like to thank our bank group for their trust and support in the Eureka model.”
Simpson Thatcher & Bartlett LLP served as legal advisors to Eureka Midstream. Thompson & Knight LLP served as legal advisors to ABN AMRO Capital USA LLC.
About Eureka Midstream Corporation
Eureka Midstream, LLC, based in Houston, Texas is a strategic midstream company focused in the Appalachian Basin. The Company is currently active in two of the most prolific unconventional shale resource plays in North America, the Marcellus Shale and Utica Shale located in Northwest West Virginia and Southeast Ohio. With approximately 200 miles of gathering systems, the advanced pipeline network is capable of transporting lean or rich natural gas.