By Wendy Van Sickle
Columbus, Ohio, Dec. 15 – VTTI Energy Partners LP said its partner VTTI MLP BV closed the previously announced series of senior notes for $245 million and €180 million.
The notes have a weighted average fixed coupon rate of 3.9% with maturities of seven, 10 and 12 years, with a weighted average maturity of about 10 years.
Proceeds will be used to repay a portion of VTTI MLP's existing €580 million revolving credit facility.
Citigroup Global Markets Inc. acted as lead placement agent, with Rabo Securities USA, Inc. and ING Financial Markets LLC as co-placement agents.
Based in London, VTTI owns, operates, develops and acquires refined petroleum product and crude oil terminaling and related energy infrastructure assets.
| Issuer: | VTTI MLP BV
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| Issue: | Notes
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| Amount: | $245 million and €180 million
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| Maturity: | Seven, 10 and 12 years
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| Coupon: | 3.9% weighted average interest rate
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| Agent: | Citigroup Global Markets Inc.
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| Distribution: | Private placement
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