Chesapeake Midstream Partners has raised $350 million in a sale of notes. The senior notes have been sold through a private placement and are scheduled to mature in 2021. The midstream natural gas services provider intends to use the net proceeds to repay borrowings outstanding under its loan and for general partnership purposes. The notes are being offered in U.S. to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933.
Click here for the release from Business Wire.