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Apr 24, 2017
Rating Action: Moody’s Upgrades EMG Utica, LLC to B1
Global Credit Research – 24 Apr 2017
Approximately $210 million of rated debt affected
New York, April 24, 2017 — Moody’s Investors Service, (“Moody’s”) upgraded EMG Utica, LLC’s (EMG Utica) Corporate Family Rating (CFR) to B1 from B2, Probability of Default Rating (PDR) to B1-PD from B2-PD and the senior secured term loan rating to B1 from ...
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Apr 05, 2017
Ascent Resources Utica Holdings, LLC Announces Closing Of $1.5 Billion Offering Of 10.00% Senior Notes Due 2022, Retirement Of Ascent Resources – Utica, LLC Second Lien Term Loan And Closing Of A New $1.5 Billion Senior Secured Revolving Credit Facility With Initial Borrowing Base Of $650 Million
OKLAHOMA CITY, April 5, 2017 /PRNewswire/ — Ascent Resources Utica Holdings, LLC (“ARUH”) and ARU Finance Corporation (“Finco” and, together with ARUH, the “Issuers”) announced today that they have closed an offering of $1.5 billion of 10.00% senior unsecured notes due 2022 (“Notes”). The Notes will be guaranteed by Ascent Resources – Utica, LLC (“ARU”). ...
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Apr 03, 2017
Tallgrass Energy Partners Acquires Approximate 25 Percent Interest in Rockies Express Pipeline
LEAWOOD, Kan.–(BUSINESS WIRE)– 4/3/2017 6:45 AM ET — Tallgrass Energy Partners, LP (NYSE:TEP) announced today that it has acquired an additional 24.99 percent membership interest in Rockies Express Pipeline LLC (“REX”) from Tallgrass Development, LP for cash consideration of $400 million effective March 31, 2017. The acquisition increases TEP’s ownership interest in REX to approximately ...
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Feb 06, 2017
Energy Transfer Announces Receipt of FERC Certificate for Construction of Rover Pipeline
DALLAS–(BUSINESS WIRE)–Energy Transfer Partners, L.P. (NYSE: ETP) today announced that the Federal Energy Regulatory Commission (FERC) approved Rover Pipeline LLC’s (“Rover”) application to construct and operate the Rover Pipeline Project. FERC’s order, issued yesterday, allows Rover to move forward with its pipeline. Rover has already notified FERC that it has accepted the certificate. FERC’s order also ...
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Jan 03, 2017
Tallgrass Energy Partners Acquires Tallgrass Terminals and the Operator of Rockies Express PipelineLEAWOOD, Kan. – January 3, 2017 –(BUSINESS WIRE)– Tallgrass Energy Partners, LP (NYSE: TEP) announced today that it acquired Tallgrass Terminals, LLC and Tallgrass NatGas Operator, LLC from Tallgrass Development for cash consideration of $140 million. The acquisition represents TEP’s fifth dropdown acquisition from Tallgrass Development and was funded at closing through borrowings on TEP’s revolving ...
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Dec 06, 2016
Medallion Midstream Services Announces Southern Delaware Basin Crude Oil PipelineIRVING, TEXAS, December 6, 2016 – Medallion Midstream, LLC and its affiliate, Medallion Midstream Services, LLC, (Medallion) today announced that it has entered into a letter of intent to construct a new Delaware Basin crude oil pipeline system to provide crude oil gathering and transportation services for Parsley Energy (NYSE: PE) (Parsley). The new pipeline ...