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Bracewell Represents Citigroup in Financing Connected with Boardwalk Pipeline Partners’ Purchase of PL Midstream LLC

August 23, 2012

Bracewell is representing Citigroup, as lead arranger and administrative agent, in a $225 million term loan acquisition financing to a joint venture between Boardwalk Pipeline Partners and its general partner Loews Corporation, in connection with the acquisition of PL Midstream LLC from PetroLogistics. 

PL Midstream provides salt-dome storage, pipeline transportation, fractionation and brine supply services for producers and consumers of natural gas liquids, natural gas, and petrochemical through southern Louisiana.