Tellurian Investments Inc., a private company founded by Charif Souki and Martin Houston, said Nov. 28 it received $25 million in preferred equity from GE Oil & Gas, with an implied Tellurian common stock value of $5.94 per share.
The net proceeds will support general corporate purposes and reduce short term debts of TransCanada and its affiliates.
The offering and private placement are expected to close on Nov. 22.
Tallgrass Energy GP LP will not receive any proceeds from the offering, which is expected to close on Nov. 22.
These are being offered as additional notes to the outstanding 5.875% senior notes due 2026, $250 million of which were publicly offered in March.
The pipeline is expected to be completed and in service in the second half of 2017.
Buckeye Partners LP (NYSE: BPL) will issue senior unsecured notes, the proceeds from which will fund part of the purchase price of the 50% stake in in VTTI BV marine terminal company.
The combination of American Midstream and JP Energy provides scale and efficiency, companies say.
Energy-focused private-equity firm EIV Capital completed its $20 million investment commitment to Gazelle Transportation, according to an Oct. 12 press release.
The net proceeds will be used to reduce senior secured revolving credit facility borrowings.
The 45% rise in the price of oil this year means energy is no longer the 'overwhelmingly deflationary' influence it was as recently as a year ago, the IEA says.
Locke Lord LLP advised Tailwater, and Mack Matheson & Marchesoni PLLC and Stephens Inc. advised Producers Midstream.