Blue Racer prices offering of additional senior notes

Blue Racer Midstream LLC and its wholly owned subsidiary Blue Racer Finance Corp. (together with Blue Racer, the “issuers”) have priced the previously announced offering of $300 million in aggregate principal amount of their senior notes due 2022 (the “additional senior notes”). The additional senior notes mature on Nov. 15, 2022, will pay interest at the rate of 6.125% per year, and were priced at 101.500% of par resulting in a yield to worst of 5.791%.

The offering is expected to close on July 20. Blue Racer intends to use the net proceeds from the offering to repay borrowings outstanding under its revolving credit facility, fund its expansion projects and for general corporate purposes.

On Nov. 13, 2014, the Issuers completed an offering of $550 million of their 6.125% senior notes due 2022 (the “senior notes”). The additional senior notes and the senior notes will be treated as a single class of debt securities under the indenture.

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