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NorthRiver Midstream shops amendment to shift term loan to SOFR
By Sara Rosenberg
New York, March 13 – NorthRiver Midstream is seeking a negative consent amendment to transition its term loan to SOFR from Libor and add 10 basis points CSA, according to a market source.
RBC Capital Markets is the lead on the deal.
The amendment deadline is Friday, the source added.
NorthRiver Midstream is a Canadian gas gathering and processing business.
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