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 $550 million in aggregate principal amount of their senior notes due 2025 in a private offering in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, 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 borrowings under its revolving credit facility and, if necessary, cash on hand, to fund its obligations under the separately announced tender offer (the “Tender Offer”) for any and all of its outstanding 6.125% senior notes due 2022 (the “2022 Notes”), including fees and expenses in connection therewith, or redeem any of the 2022 Notes that remain outstanding thereafter. The Notes Offering is not conditioned on the consummation of the Tender Offer. The Tender Offer is conditioned on, among other things, the consummation of the Notes Offering and borrowings under Blue Racer’s revolving credit facility.

The senior notes have not been registered under the Securities Act, or any state securities laws, and unless so registered, the senior notes may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This announcement shall not constitute an offer to sell or a solicitation of an offer to buy the senior notes, except as required by law.