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Oryx Midstream to launch $300 million term loan B on Tuesday
By Sara Rosenberg
New York, Jan. 23 – Oryx Midstream Services Permian Basin LLC is scheduled to hold a lender call at 10 a.m. ET on Tuesday to launch a $300 million incremental term loan B due Oct. 5, 2028, according to a market source.
Barclays is the left bookrunner on the deal and the administrative agent.
Proceeds will be used to fund a dividend to the sponsor, recapitalize the company’s balance sheet, and pay associated fees and expenses.
Stonepeak Partners is the sponsor.
Oryx Midstream is a Midland, Tex.-based midstream crude operator in the Permian Basin.
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