Deason 74 Minerals to launch $300 million term loan B on Thursday

By Sara Rosenberg

New York, Jan. 10 – Deason 74 Minerals LP is scheduled to hold a lender call at 11 a.m. ET on Thursday to launch a $300 million six-year covenant-light term loan B, according to a market source.

Bank of America Merrill Lynch is the lead arranger on the deal.

Proceeds will be used to fund a special distribution to parent Cathexis Holdings GP and for other general corporate purposes.

Deason 74 holds non-operating royalty and mineral interests in the Eagle Ford Shale in South Texas.

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