Blue Racer Midstream to pay down revolver with notes proceeds

By Sara Rosenberg

New York, Nov. 3 – Blue Racer Midstream LLC plans to repay borrowings under its revolving credit facility with some of the proceeds from a $400 million senior notes offering, according to a market source.

Remaining proceeds will be used to fund the company’s continued expansion and for general corporate purposes.

Blue Racer is a Dallas-based midstream company formed in November 2012 by Caiman and Dominion to own, operate, develop and acquire midstream assets in the Utica Shale and certain adjacent areas in the Marcellus Shale.

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