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Howard Midstream Lands Funding for South TX Pipeline Project

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   |    Wednesday,November 16,2016

Howard Midstream Energy Partners reported that its subsidiary, Nueva Era Pipeline, has closed on $353.3 million in project financing for the construction of the Nueva Era pipeline project

Click here to access the project in Shale Experts' Midstream Projects Database

A 50-50 joint venture between HEP and Mexico-based energy and services firm Grupo CLISA, the Nueva Era pipeline project will connect HEP’s existing Webb County Hub in South Texas directly to Monterrey, Nuevo León, Mexico. The banks that provided financing for the Nueva Era project include MUFG, Santander, Societe Generale, Sumitomo Mitsui Banking Corporation, and CaixaBank.

Latham & Waktins LLP, Creel, García-Cuéllar, Aiza y Enríquez and Canales Dávila, S.C. served as the company’s legal advisors on the transaction, with Milbank, Tweed, Hadley & McCloy LLP and Galicia Abogados serving as the principal legal advisors of the lending group.


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