AL NGPL Holdings, LLC

Natural Gas Pipeline Portfolio - Acquisition

Borrower(s)
AL NGPL Holdings, LLC
Industry
Oil & gas/Gas - Midstream (Transportation)
Area of finance
Project & Infrastructure Finance
Region
North America
North America
Countries
United States

Deal Overview

Financing ArcLight's acquisition of a 25% minority stake in a JV that owns Natural Gas Pipeline Company (NGPL, Baa3, BBB-),currently owned 50-50 by Kinder Morgan and Brookfield. Both KM and Brookfield will reduce their ownership equally.

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Deal Volume
$440m
Financial Close
15/03/2021
Dealmakers
Sources
Submitted by participant(s)

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Tranches

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Project Deals

Natural Gas Pipeline Portfolio
$440m
Greenfield
Gas - Midstream (Transportation)
North America
North America
United States