Blue Racer to pay down revolver with proceeds of sale of senior notes

By Wendy Van Sickle

Columbus, Ohio July 15 – Blue Racer Midstream, LLC plans to repay borrowings under its revolving credit facility with some proceeds from a $300 million offering of 6 1/8% senior notes due 2022, according to a news release.

Proceeds will also be used to fund expansion projects and for general corporate purposes, the company said.

The midstream energy company is based in Dallas.

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