Finance & Investing | Fundraising | Capital Markets
Blue Racer Planning $300 Million Senior Note Offering
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Blue Racer Midstream, LLC and its wholly owned subsidiary Blue Racer Finance Corp. announced that, subject to market conditions, they intend 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, $300 million in aggregate principal amount of their 6.125% senior notes due 2022.
Blue Racer intends to use the net proceeds from the proposed private placement to repay borrowings outstanding under its revolving credit facility, fund its expansion projects and for general corporate purposes.
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