Whistler Pipeline LLC

Martin County Lateral Expansion Project - Financing

Borrower (s)
Whistler Pipeline LLC
Industry
Oil & gas/Gas - Midstream (Transportation)
Area of finance
Project & Infrastructure Finance
Region
North America
Countries
United States

Deal Overview

Whistler Pipeline LLC – which is owned by a consortium comprising MPLX, WhiteWater, and a joint venture between Stonepeak and West Texas Gas – signed a loan last month to finance construction of the Martin County Lateral Expansion project.The 33-mile lateral pipeline will connect Martin...

show more

Whistler Pipeline LLC – which is owned by a consortium comprising MPLX, WhiteWater, and a joint venture between Stonepeak and West Texas Gas – signed a loan last month to finance construction of the Martin County Lateral Expansion project.

The 33-mile lateral pipeline will connect Martin County processing plants to Whistler's midland lateral and is expected to be in service by the fourth quarter of 2022. The new debt will be added on to the existing Whistler Pipeline financing closed in 2020.

The Midland County Lateral Expansion financing totals $146 million, split between a $130 million 8.5-year term loan and a $16 million 8.5-year L/C. MUFG, Mizuho and SMBC are providing the debt.

show less
Deal Volume
$ 146m
Financial Close
17 March 2022
Sources

All Dealmakers

Tranches


To view all tranche and pricing information, please sign up or log in

Projects

Martin County Lateral Expansion Project

Greenfield
Gas - Midstream (Transportation)
North America
United States
$ 146m