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Rattler Midstream intends to use note proceeds to repay revolver
By Taylor Fox
Chicago, July 7 – Rattler Midstream LP intends to lend proceeds from an offering of senior notes to Rattler Midstream Operating LLC to repay outstanding borrowings under its revolving credit facility, according to a news release.
Rattler announced on Tuesday plans to offer $500 million of senior notes due 2025.
Rattler Midstream is a Midland, Tex.-based subsidiary of Diamondback Energy Inc. formed to acquire and operate midstream infrastructure assets in the Permian Basin.
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