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EIF Van Hook to launch $425 million credit facilities on Sept. 6
By Sara Rosenberg
New York, Aug. 16 – EIF Van Hook Equity Holdings is set to hold a bank meeting on Sept. 6 to launch $425 million of credit facilities, according to a market source.
Macquarie Capital (USA) Inc. is the lead on the deal.
The facilities consist of a $25 million super-priority revolver and a $400 million first-lien term loan, the source said.
Proceeds will be used to support the expansion of the company’s North Dakota midstream platform.
EIF Van Hook is a portfolio company of Ares EIF Group and operates pipelines and terminal facilities for crude oil.
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