Eureka Midstream secures $400M senior credit facility

Eureka Midstream LLC has closed on a $400 million senior secured revolving credit facility. The credit facility amends and restates Eureka’s existing credit facility and increases the aggregate credit facility commitments from $225 million to $400 million with an extended maturity date of 4-years from the credit facility closing date. The credit facility provides a $100 million accordion whereby, under certain terms and conditions, Eureka Midstream can increase the aggregate credit facility commitments to $500 million. Use of proceeds from the credit facility will be used for funding capital expenditures, financing permitted acquisitions, funding working capital, and general corporate purposes.

ABN AMRO Capital USA LLC serves as the administrative agent and sole lead arranger under the credit facility with BBVA Compass, CIT Bank, and US Bank serving as co-documentation agents, and Citibank, Iberiabank, and Regions Bank serving as senior managing agents. Additional participating banks include BNP Paribas, Cadence Bank, Citizens Bank, East West Bank, Branch Banking and Trust Company, The Huntington National Bank, and ZB NA DBA Amegy Bank.

Simpson Thatcher & Bartlett LLP served as legal advisors to Eureka Midstream. Thompson & Knight LLP served as legal advisors to ABN AMRO Capital USA LLC.

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