Noble Midstream Secures Preferred Investment from Global Infrastructure Partners Capital Solutions Fund
Vinson & Elkins advised Noble Midstream Partners LP in connection with a $200 million equity commitment from Global Infrastructure Partners Capital Solutions Fund to fund capital contributions to Dos Rios Crude Intermediate LLC, a newly-formed subsidiary holding Noble Midstream’s 30% equity interest in the EPIC Crude Pipeline.
Of the $200 million total commitment, $100 million will be funded during the first quarter of 2019, with the remaining $100 million available for a one-year period, subject to certain conditions precedent.
The V&E corporate team was led by partner Shamus Crosby with assistance from partner Brittany Sakowitz, associate Mike Marek, senior associates Danny McEntee and John Slaybaugh and associates Burke Wendt, Audrey Bartosh and Danny Wicoff. Also advising were partner Doug Bland; and partner Todd Way, senior associate Julia Pashin and associate Christine Mainguy.
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