CorEnergy Infrastructure plans to draw on facility to fund acquisition

By Susanna Moon

Chicago, Nov. 17 – CorEnergy Infrastructure Trust, Inc. intends to finance its planned acquisition with a combination of borrowings under its credit facility and proceeds of its public offering of common stock, according to an 8-K filing with the Securities and Exchange Commission.

Corridor MoGas, Inc., a wholly owned subsidiary of CorEnergy, entered into a limited liability company interests purchase agreement with MoGas Energy, LLC to acquire all of the interests in MoGas Pipeline, LLC and United Property Systems, LLC for $125 million in cash.

The energy infrastructure asset financing company is based in Leawood, Kan.

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