Azure plans to acquire Marlin via drawdown under $225 million facility

By Susanna Moon

Chicago, Jan. 15 – Azure Midstream Energy, LLC said it plans to acquire Marlin Midstream Partners, LP with funding from Marlin’s $225 million amended credit facility.

The companies have entered into definitive agreements that will result in Azure owning 100% of the general partner of Marlin and 90% ownership of the total outstanding incentive distribution rights in Marlin, according to a press release.

Azure is a Houston-based midstream gas company. TGGT is a Dallas-based midstream energy company.

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