Easton Energy LLC
Description
Received a preferred equity investment of up to $245 million from Global Infrastructure Partners through Global Infrastructure Partners Capital Solutions Fund II, part of GIP’s credit platform. Proceeds will be used to fund the organic growth of Easton’s asset base of transportation, storage and processing of NGL, refined products and petrochemicals along the U.S. Gulf Coast and other strategic growth opportunities, with a tailored delayed draw structure to support both existing and future growth projects. Evercore was financial adviser to Easton and the company received legal counsel from Willkie Farr & Gallagher. Latham & Watkins provided legal counsel to GIP.