Articles from Brazos Midstream

Brazos Midstream (“Brazos”) today announced that its subsidiary, Brazos Midland, LLC, has completed an expansion of its senior credit facility to $1.1 billion from $225 million in commitments from a syndicate of banks. These funds support the ongoing expansion of Brazos’ natural gas gathering and processing system throughout the Midland Basin, one of the most robust and active oil and gas producing regions in the United States.

Brazos Midstream (“Brazos” or the “Company”) today announced the completion of several significant milestone projects consisting of major new-build pipelines and processing facilities located in the core of the Midland Basin, one of the most active oil and gas producing regions in the United States.

Brazos Midstream ("Brazos") (the "Company") today announced that its subsidiary, Brazos Delaware II LLC, has completed the issuance of a new $800 million senior secured Term Loan B due February 2030. The Company used the net proceeds from the Term Loan, along with excess balance sheet cash, to repay its existing $830 million Term Loan B due May 2025. As part of the transaction, Brazos has also increased its currently undrawn super-priority revolving credit facility to $150 million from $90 million and extended the facility's maturity date to 2028.

Brazos Midstream (Brazos) today announced two significant transactions in the Permian Basin region of West Texas. Brazos Delaware, LLC acquired the Pecos Gas Gathering System (Pecos) from Diamondback Energy, Inc. (Diamondback) and its midstream affiliate Rattler Midstream (Rattler). Additionally, newly-formed Brazos Midland, LLC has closed on the acquisition of Diamondback’s Mustang Springs Gas Gathering System, dba Permian Gathering, LLC (Mustang Springs).