Latham & Watkins Advises on Blue Racer Midstream’s US$1 Billion Offering of Senior Notes

Blue Racer Midstream, LLC and its wholly owned subsidiary Blue Racer Finance Corp. announced the pricing of the previously announced offering of US$500 million aggregate principal amount of their senior notes due 2029 (the 2029 notes) and US$500 million aggregate principal amount of their senior notes due 2032 (the 2032 notes). The 2029 notes, which priced at par, will mature on July 15, 2029, and will pay an annual interest rate of 7.000%. The 2032 notes, which also priced at par, will mature on July 15, 2032, and will pay an annual interest rate of 7.250%.

Latham & Watkins LLP represented the initial purchasers in the offering with a capital markets team led by Austin partners David Miller and Michael Chambers and Houston associate Om Pandya, with associates Zainab Hashmi, Caroline Bale, and Don Izekor. Advice was also provided on tax matters by Houston partner Jim Cole, with associate Molly Elkins; on environmental matters by Los Angeles/Houston partner Josh Marnitz; and on regulatory matters by Washington, D.C. partner Patrick Nevins.