Rice Midstream gets $450 million revolver at Libor plus 175-275 bps

By Susanna Moon

Chicago, Dec. 18 – Rice Midstream Partners LP and Rice Midstream OpCo LLC will obtain a $450 million revolving credit facility, according to a 424B4 filing with the Securities and Exchange Commission.

Interest on the loans will be Libor plus 175 basis points to 275 bps, based on leverage.

The commitment fee ranges from 35 bps to 50 bps.

Rice Midstream is a fee-based, growth-oriented limited partnership formed by Rice Energy to own, operate, develop and acquire midstream assets in the Appalachian Basin. Rice Energy is an oil and gas company based in Canonsburg, Pa.

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