Blue Racer Midstream, LLC Announces $1,000,000,000 Offering of Senior Notes
2024年5月14日 - 10:21PM
ビジネスワイヤ(英語)
Blue Racer Midstream, LLC (“Blue Racer”) and its wholly owned
subsidiary, Blue Racer Finance Corp., announced today that, subject
to market conditions, they intend to offer for sale $500 million in
aggregate principal amount of their senior notes due 2029 and $500
million in aggregate principal amount of their senior notes due
2032 (collectively, the “senior notes”) in a private offering (the
“Notes Offering”) in the United States to qualified institutional
buyers pursuant to Rule 144A under the Securities Act of 1933, as
amended (the “Securities Act”), and to persons outside of the
United States pursuant to Regulation S under the Securities
Act.
Blue Racer intends to use the net proceeds from the sale of the
senior notes to repay existing indebtedness and to pay associated
fees and expenses, including but not limited to the redemption of
all $600 million of the 2025 (the “2025 Notes” and such redemption,
the “Redemption”) and repayment of borrowings under its revolving
credit facility, and for general corporate purposes. The Redemption
will be made solely pursuant to a conditional notice of redemption
that was delivered pursuant to the indenture governing the 2025
Notes, and nothing contained in this release constitutes a notice
of redemption of the 2025 Notes.
The senior notes have not been registered under the Securities
Act, or any state securities laws, and unless so registered, the
senior notes may not be offered or sold in the United States except
pursuant to an exemption from, or in a transaction not subject to,
the registration requirements of the Securities Act and applicable
state securities laws. This announcement shall not constitute an
offer to sell or a solicitation of an offer to buy the senior
notes, except as required by law.
Forward-Looking Statements
This press release may include “forward-looking statements.” All
statements, other than statements of historical fact, included in
this press release that address activities, events or developments
that Blue Racer expects, believes or anticipates will or may occur
in the future are forward-looking statements. These statements are
based on certain assumptions made by Blue Racer based on its
experience and perception of historical trends, current conditions,
expected future developments and other factors it believes are
appropriate. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. All forward-looking statements are qualified in
their entirety by this cautionary statement. Blue Racer undertakes
no obligation and does not intend to update these forward-looking
statements to reflect events or circumstances occurring after the
issuance of this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20240514614048/en/
Media contact: Brett Krieg, Assistant Treasurer, The
Williams Companies Inc. 918.573.4614 | Brett.Krieg@williams.com