CorEnergy Infrastructure Trust Inc. - 2015-07-08

Description

Amended and upsized the $93 million revolving credit facility. The facility’s total amount is comprised of a $105 million revolver and a $45 million term loan. When the facility closed, CorEnergy drew $45 million on the term loan to pay down the revolver balance that had supported the Grand Isle Gathering System acquisition. The revolver now has about $100 million of available borrowing capacity. The facility now matures Dec. 15, 2019. Regions Capital Markets and Bank of America Merrill Lynch were joint lead arrangers and joint book-runners. Regions Bank was administrative agent and Bank of America NA was syndication agent.

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Estimated Price
$153.0MM
Financing Type
Report Date