One-Page Deal Sheet
Azure Midstream Picks Up 100% Equity Interest in TGGT Holdings
Azure Midstream BG Group, Exco Resources Inc.
Announced Date
October 17,2013
Close Date
November 18,2013
Transaction Type
Asset
Location
Region
Ark-La-Tex
Country
United States
State
Louisiana
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Transaction Details: Require Private Equity Subscription
Closing Announcement - November 18, 2013
EXCO Resources, Inc. has reported that its wholly-owned subsidiary, EXCO Operating Company, LP, and an affiliate of BG Group plc have conveyed 100% of the equity interest in TGGT Holdings, LLC to Azure Midstream Holdings LLC for an aggregate sales price of approximately $910 million, of which approximately $875 million was cash and the remaining portion was in the form of an approximate 7% equity interest in Azure split equally between EXCO and BG Group, subject to post-closing adjustments and customary terms and conditions.
EXCO received cash proceeds…