VTTI Energy to repay portion of revolving loan via new notes

By Marisa Wong

Morgantown, W.Va., Sept. 30 – VTTI Energy Partners LP said its indirect subsidiary, VTTI MLP BV, will repay a portion of its existing €580 million revolving credit facility using proceeds from an offering of senior notes.

The company priced a series of senior notes for a dollar amount of $245 million and a euro amount of €180 million with a weighted average fixed coupon of 3.9%. The notes have maturities of seven, 10 and 12 years.

The notes offering is expected to settle in December.

Based in London, VTTI owns, operates, develops and acquires refined petroleum product and crude oil terminaling and related energy infrastructure assets.

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