Inergy Announces $400 Million Private Placement of Senior Notes

Photo courtesy of BusinessWire

Inergy Midstream, L.P. based in Kansas City and its subsidiary NRGM finance corp. announced Monday that they intend to sell $400 million in aggregate principal amount of senior unsecured notes due in 2020 due to market conditions.

The proceeds will fund a portion of a $425 million pending acquisition of all equity interests of Rangeland Acquisition and to repay existing borrowings under its revolving credit facility.

Read more on BusinessWire.

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