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NorthRiver Midstream relaunches amendment to shift term loan to SOFR
By Sara Rosenberg
New York, April 24 – NorthRiver Midstream relaunched its negative consent amendment to move its term loan to SOFR from Libor, this time with ARRC standard CSA of 11.448 basis points one-month rate, 26.161 bps three-month rate and 42.826 bps six-month rate, according to a market source.
Previously, the company was offering 10 bps CSA.
RBC Capital Markets is the lead on the deal.
The amendment deadline is 5 p.m. ET on Friday, the source added.
NorthRiver Midstream is a Canadian gas gathering and processing business.
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