DALLAS--(BUSINESS WIRE)--Blue Racer Midstream, LLC and its wholly owned subsidiary Blue Racer Finance Corp. announced today that, subject to market conditions, they intend to offer for sale $400 million in aggregate principal amount of their senior notes due 2025 (the “senior notes”) in a private offering in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside of the United States pursuant to Regulation S under the Securities Act.

Blue Racer intends to use the net proceeds from the sale of the senior notes, along with cash on hand if needed, to fund its obligations under the separately announced tender offer for its outstanding 6.125% senior notes due 2022, and the remaining net proceeds, if any, will be used for general company purposes, which may include purchases or retirements of existing senior notes.