One-Page Deal Sheet
CorEnergy to Acquire Illinois-to-Missouri MoGas Pipeline
Corenergy Infrastructure Trust Not Disclosed
Announced Date
November 18,2014
Transaction Type
Asset
Transaction Details: Subscribe to see
CorEnergy Infrastructure Trust, Inc. has entered into a definitive agreement to acquire the ownership and operations of the MoGas Pipeline System for $125 million in cash. This 263-mile pipeline is a critical supplier of natural gas in and around the St. Louis region and to small municipalities throughout central Missouri.
CorEnergy intends to finance the acquisition cost with a combination of borrowings under its credit facility and with proceeds of our simultaneously announced public offering of common stock.
The key characteristics of the MoGas Pipeline System include:
Diversification…