Blue Racer prices $550M upsized offering of senior notes

Blue Racer Midstream LLC

Blue Racer Midstream LLC and its wholly owned subsidiary Blue Racer Finance Corp. report the pricing of its offering of senior notes due 2022. The offering size was increased to $550 million in aggregate principal amount from $400 million.

The senior notes mature on Nov. 15, 2022; they will pay interest at the rate of 6.125% per year and were priced at 98.451% of par to yield 6.375%.

The offering is expected to close on Nov. 13. Blue Racer intends to use the net proceeds from the offering to repay borrowings outstanding under its revolving credit facility, to fund its expansion projects, and for general corporate purposes.

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