EagleClaw secures $1.25 billion in financing for sale to Blackstone

By Tali Rackner

Minneapolis, April 17 – EagleClaw Midstream Ventures, LLC obtained about $1.25 billion in stapled debt financing from Jefferies LLC to help fund the sale of the company to funds managed by Blackstone Energy Partners and Blackstone Capital Partners, according to a press release.

The total sale price is about $2 billion.

The transaction is expected to close by the end of July.

EnCap Flatrock Midstream is the financial sponsor.

EagleClaw is a privately held midstream operator in the Permian’s Delaware Basin in West Texas.

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