Brief: Crestwood To Acquire Oasis Midstream Partners In $1.8 Bln Deal

Crestwood Equity Partners LP

26/10/2021 13:13

Oct 26 (Reuters) - Crestwood Equity Partners LP  CEQP.N :
    * CRESTWOOD TO ACQUIRE OASIS MIDSTREAM PARTNERS IN $1.8
BILLION
TRANSACTION
    * OASIS MIDSTREAM PARTNERS LP - DEAL FOR PRO FORMA
ENTERPRISE
VALUE OF APPROXIMATELY $7 BILLION
    * OASIS MIDSTREAM PARTNERS - CRESTWOOD WILL ACQUIRE OASIS
MIDSTREAM IN AN EQUITY AND CASH DEAL VALUED AT ABOUT $1.8
BILLION INCLUDING ASSUMPTION OF DEBT
    * OASIS MIDSTREAM PARTNERS - DEAL TO LARGELY BE EQUITY
FINANCED
WITH ABOUT 33.8 MILLION NEWLY ISSUED CRESTWOOD COMMON UNITS AND
$160 MILLION CASH CONSIDERATION
    * OASIS MIDSTREAM PARTNERS LP -  WILL RECEIVE RIGHT TO
APPOINT TWO
REPRESENTATIVES TO CRESTWOOD'S BOARD, SUBJECT TO ON-GOING
OWNERSHIP THRESHOLDS

Source text for Eikon:  ID:nBw6tyTra 
Further company coverage:  CEQP.N 

 ((Reuters.Briefs@thomsonreuters.com;))