Blue Racer to repay revolver borrowings with proceeds from new notes

By Sarah Lizee

Olympia, Wash., June 14 – Blue Racer Midstream, LLC plans to repay borrowings under its revolving credit facility using proceeds from a new offering, according to a press release.

The company said on Thursday that it intends to price a $300 million offering of eight-year senior notes.

Proceeds from the offering will also be used for general corporate purposes.

Blue Racer is a Dallas-based midstream energy company that owns, operates, develops and acquires midstream assets in the Utica Shale and some adjacent areas in the Marcellus Shale.

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