Rattler Midstream intends to use note proceeds to repay revolver

By Taylor Fox

Chicago, July 7 – Rattler Midstream LP intends to lend proceeds from an offering of senior notes to Rattler Midstream Operating LLC to repay outstanding borrowings under its revolving credit facility, according to a news release.

Rattler announced on Tuesday plans to offer $500 million of senior notes due 2025.

Rattler Midstream is a Midland, Tex.-based subsidiary of Diamondback Energy Inc. formed to acquire and operate midstream infrastructure assets in the Permian Basin.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.