Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for BlackBrush TexStar LP > News item |
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.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.