Blue Racer Midstream Extends $750M Line of Credit by 3 Years

Blue Racer Midstream is a privately held natural gas midstream company that provides natural gas gathering and processing, mixed NGL fractionation and condensate stabilization, and NGL marketing and transportation, to producers operating in the Marcellus/Utica in southeastern Ohio and the panhandle of West Virginia. Last week the company issued a press release to say its banking buddies have amended and restated Blue Racer's credit facility (i.e. line of credit) allowing the company to borrow up to $750 million. The bankers also extended the payback term by three years to 2025. That's a whopping big line of credit for a relatively small midstream company. We guess you could say Blue Racer has an exceptional FICO score...

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