Stonepeak Lonestar to launch $800 million term loan B on Thursday

By Sara Rosenberg

New York, Sept. 23 – Stonepeak Lonestar is scheduled to hold a bank meeting on Thursday to launch an $800 million term loan B, according to a market source.

Macquarie Capital (USA) Inc. is the lead on the deal.

Proceeds will be used for a recapitalization.

Stonepeak Lonestar is the holder of Stonepeak Infrastructure Partners’ interests in the Gulf Coast Express Pipeline, Grand Prix Pipeline and Targa Resources Corp.’s fractionation train 6 in Texas in a joint venture with Targa.

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