Samchully talks $300 million term loan B at Libor plus 400-425 bps

By Sara Rosenberg

New York, Sept. 29 – Samchully Midstream is talking its $300 million seven-year term loan B (B1/B) at Libor plus 400 basis points to 425 bps with a 1% Libor floor and an original issue discount of 99, according to a market source.

Bank of America Merrill Lynch is the lead bank on the deal that launched last Wednesday.

Commitments are due at 5 p.m. ET on Oct. 7, the source added.

Proceeds will be used to help fund the acquisition of a 34% interest in Cardinal Gas Services LLC, a midstream company in Ohio’s Utica shale play.

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