EagleClaw Midstream withdraws $1.25 billion term loan repricing

By Sara Rosenberg

New York, Nov. 21 – EagleClaw Midstream Ventures LLC pulled its $1.25 billion term loan repricing from market, according to a source.

Talk on the repricing was Libor plus 350 basis points to 375 bps with a 1% Libor floor, a par issue price and 101 soft call protection for six months.

Jefferies LLC was the lead on the deal.

The repricing would have taken the term loan down from Libor plus 425 bps with a 1% Libor floor.

EagleClaw is a Midland, Texas-based midstream operator in the Permian’s Delaware Basin in West Texas.

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