Azure Midstream Energy Refinances Credit Facility
New Funding Provides Tools to Pursue Strategic Commercial Deals As Current System Volume on Pace to Double by 2019
HOUSTON, TEXAS, August 31, 2018 – Azure Midstream Energy LLC (“Azure”) announced today it has closed on a first lien senior secured credit facility led by ABN AMRO and a second lien secured term loan facility led by Madava Financial. The proceeds from this new debt were used to pay off Azure’s existing credit facility while adding an upsized revolving credit facility and extending the maturity.
ABN AMRO acted as Sole Bookrunner, a Joint Lead Arranger and Administrative Agent with Capital One as a Joint Lead Arranger with respect to the first lien credit facility. Thompson & Knight LLP served as counsel for ABN AMRO and Latham & Watkins LLP served as counsel for Azure.