Pin Oak Terminals LLC
Description
Closed on a debt facility provided by co-lead arrangers Sumitomo Mitsui Banking Corp. (SMBC) and ING Capital LLC (ING), to complete construction of the current phase of contracted tanks at Pin Oak’s site in Mt. Airy, La. Combined with the $100 million equity led by Dauphine Midstream LLC and Mercuria Energy Group Ltd., Pin Oak has secured capital to develop an independent logistics hub to serve Louisiana and Gulf Coast customers.