“Brazos Midstream Announces Expansion of Credit Facility to $150 Million”
Brazos Midstream Holdings, LLC (“Brazos”) (the “Company”) today announced that its subsidiary, Brazos Delaware LLC, has completed an expansion of its senior credit facility to $150 million in commitments from a syndicate of banks. Additionally, the facility has an accordion feature, which can expand total commitments to $200 million. These funds support the ongoing expansion of Brazos’ crude gathering and natural gas gathering and processing systems in the Southern Delaware Basin, one of the most active oil and gas producing basins in the United States.
BOK Financial and Cadence Bank served as joint lead arrangers of the facility which was syndicated to a total of nine banks. Other participants include ABN Amro, Amegy Bank, BBVA Compass, Iberia Bank, JP Morgan, Wells Fargo, and West Texas National Bank. Harris Finley Bogle provided legal counsel to Brazos and Thompson & Knight served as counsel to the lender group.