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EagleClaw to launch $1.35 billion credit facilities on Tuesday
By Sara Rosenberg
New York, May 22 – EagleClaw Midstream Ventures LLC is scheduled to hold a bank meeting at 1:30 p.m. ET on Tuesday to launch $1.35 billion in senior secured credit facilities, according to a market source.
Jefferies LLC is the lead on the deal.
The facilities consist of a $100 million super-priority revolver and a $1.25 billion first-lien term loan, the source said.
Proceeds will be used to help fund the buyout of the company by Blackstone Energy Partners and Blackstone Capital Partners for about $2 billion.
Closing is expected by the end of July.
EagleClaw is a Midland, Texas-based midstream operator in the Permian’s Delaware Basin in West Texas.
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