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M6 Midstream marketing $150 million fungible incremental term loan B
By Paul A. Harris
Portland, Ore., Feb. 22 – M6 Midstream, LLC launched a $150 million fungible incremental term loan B due Sept. 15, 2029 on a Wednesday lender call, according to a market source.
The credit facility features reset six-month soft call protection at 101.
Barclays is the administrative agent and sole bookrunner.
The borrowing entity will be M6 ETS Holdings II MidCo LLC.
The Houston-based midstream company plans to use the proceeds to repay the Align Midstream credit facility and merge Align Midstream into M6.
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