Azure Midstream refinances with first-, second-lien loans

By Marisa Wong

Morgantown, W.Va., Aug. 31 – Azure Midstream Energy LLC said it closed on a first-lien senior secured credit facility led by ABN Amro and a second-lien secured term loan facility led by Madava Financial.

Proceeds were used to pay off Azure’s existing credit facility, while adding an upsized revolving credit facility and extending the maturity, according to a press release.

ABN Amro acted as bookrunner and administrative agent and as joint lead arranger with Capital One for the first-lien credit facility.

Azure is a Dallas-based midstream energy company.

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