CorEnergy draws down $44 million under revolver to refinance term loan

By Marisa Wong

Morgantown, W.Va., April 4 – CorEnergy Infrastructure Trust, Inc. drew down $44 million of loans under its amended and restated revolving credit agreement dated July 8, 2015 with Regions Bank, according to an 8-K filing with the Securities and Exchange Commission.

CorEnergy made the drawdown on March 29 to refinance its Pinedale amended and restated term credit agreement dated Dec. 14, 2012.

Following this refinancing, the company has in excess of $60 million of liquidity for acquisitions or the repurchase of equity or debt securities.

CorEnergy is a Kansas City, Mo.-based company that owns midstream and downstream U.S. energy infrastructure assets.

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