Merchant Energy Holdings Closes Debt Financing For East Cheyenne Gas Storage Facility
September 12, 2012
Merchant Energy Holdings, LLC, a Quantum Energy Partners portfolio company, announced that it has arranged for debt financing from Macquarie Group ( ASX : MQG ) (ADR:MQBKY), through its subsidiary Macquarie Bank Limited.
The financing is structured as a 5-year, $62 million Term Loan. Loan proceeds will be used to fund the Phase 2 expansion of MEH's wholly-owned subsidiary, East Cheyenne Gas Storage, LLC ("ECGS"), a FERC-certificated natural gas storage facility located in Logan County, Colorado. Quantum Energy Partners formed Merchant Energy Holdings for the purpose of developing underground natural ...
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