logo
logo

Howard Energy Partners Closes Financing Transactions To Position Company For Long-Term Growth And Value Creation

Dec 16, 2021•over 3 years ago
San Antonio

Description

Howard Energy Partners (HEP) announced today that it has closed on a series of strategic financing transactions (the “Transactions”), including its inaugural senior unsecured notes offering and an extension of its $1 billion revolving credit facility. The company priced $400 million of 6.75% senior unsecured notes due 2027 (the “Securities”) at par. Pro forma for the Transactions, the company has over $600 million of available liquidity and a long-term structure to prudently access institutional debt capital.

Company Information

Company

Howard Energy Partners

Location

San Antonio, Texas, United States

About

San Antonio-based Howard Midstream Energy Partners, LLC d/b/a Howard Energy Partners is an independent midstream energy company, owning and operating natural gas and crude oil pipelines, natural gas processing plants, refined product storage terminals, deep-water dock and rail facilities, fractionation facilities, hydrogen production facilities, and other related midstream assets in Texas, New Mexico, Oklahoma, Pennsylvania and Mexico. The company has corporate offices in San Antonio and Houston, Texas and Monterrey, Mexico. For more information on Howard Energy Partners and our mission to deliver positive energy, please visit our website at www.howardenergypartners.com.