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Published on 8/2/2023 in the Prospect News Bank Loan Daily.

NorthRiver Midstream to launch $850 million term loan B on Thursday

By Sara Rosenberg

New York, Aug. 2 – NorthRiver Midstream Finance LP is set to hold a lender call at 10:30 a.m. ET on Thursday to launch an $850 million seven-year covenant-lite term loan B (Ba3), according to a market source.

BMO Capital Markets, RBC Capital Markets and others are the lead arrangers on the deal. RBC is the agent.

Proceeds will be used to refinance an existing term loan due October 2025.

NorthRiver Midstream is a Canadian gas gathering and processing business.


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