Finance & Investing | Debt | Capital Markets
Blue Racer Midstream to Offer $400MM in Senior Notes
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Blue Racer Midstream, LLC reported that it intends to sell in an offering in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended , and to persons outside of the United States pursuant to Regulation S under the Securities Act, $400 million in aggregate principal amount of senior notes due 2022.
Blue Racer intends to use the net proceeds from the proposed private placement to repay existing borrowings under its revolving credit facility.