BlackBrush launches $100 million incremental term loan at par

By Sara Rosenberg

New York, April 23 - BlackBrush TexStar LP (BBTS Borrower LP) launched on Wednesday a $100 million incremental senior secured term loan due June 4, 2019 with price talk of Libor plus 650 basis points with a 1.25% Libor floor and a par offer price, according to a market source.

UBS Securities LLC is the lead bank on the deal.

Proceeds will be used to fund capital expenditures.

Commitments are due on May 1, the source said.

BlackBrush is a San Antonio-based oil production and natural gas gathering and treatment services provider.

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