Blue Racer Midstream, LLC Announces Pricing of $1,000,000,000 Offering of Senior Notes
Summary
The 2029 notes, which priced at par, will mature on July 15, 2029 and will pay an annual interest rate of 7.000%. Blue Racer intends to use the net proceeds from the sale of the senior notes to repay existing indebtedness, including but not limited to the redemption of all $600 million of its 7.625% Senior Notes due 2025 (the 2025 Notes and such redemption, the Redemption) and repayment of borrowings under its revolving credit facility, to pay associated fees and expenses, and for general corporate purposes. These statements are based on certain assumptions made by Blue Racer based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Blue Racer undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after the issuance of this press release.