Crestwood readies launch of $350 million term loan B for Wednesday

By Sara Rosenberg

New York, Feb. 20 – Crestwood Holdings LLC is scheduled to hold a lender call at 10 a.m. ET on Wednesday to launch a $350 million senior secured term loan B, according to a market source.

Morgan Stanley Senior Funding Inc. is the lead bank on the deal.

Proceeds will be used to refinance existing debt.

Crestwood is a Houston-based company focused on natural gas storage.

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