December 4, 2017 / 10:22 PM / 12 days ago

BRIEF-CorEnergy Agrees To Acquire Outstanding Minority Interest In Its Pinedale LGS

Dec 4 (Reuters) - Corenergy Infrastructure Trust Inc :

* CORENERGY ANNOUNCES AGREEMENT TO ACQUIRE OUTSTANDING MINORITY INTEREST IN ITS PINEDALE LGS AND A UTILITIES ENERGY SERVICE CONTRACT FOR FORT LEONARD WOOD

* CORENERGY INFRASTRUCTURE TRUST INC - AGREED TO PURCHASE 18.95% EQUITY INTEREST IN ITS PINEDALE LIQUIDS GATHERING SYSTEM FOR $32.8 MILLION

* CORENERGY INFRASTRUCTURE TRUST - ‍TRANSACTIONS WILL BE MODESTLY ACCRETIVE TO NET INCOME, ADJUSTED FUNDS FROM OPERATIONS​

* CORENERGY INFRASTRUCTURE - PRUDENTIAL TO PROVIDE $41 MILLION OF ASSET LEVEL DEBT FINANCING, WHICH WILL BE USED TO PAY OFF PINEDALE, LP CREDIT FACILITY BALANCE

* CORENERGY INFRASTRUCTURE TRUST INC - NEW DEBT FINANCING PROVIDED BY PRUDENTIAL WILL BE A FIXED RATE 5-YEAR TERM LOAN FACILITY

* CORENERGY INFRASTRUCTURE TRUST INC - CO WILL USE PRO-RATA PROCEEDS FROM REPAYMENT OF CREDIT FACILITY TO FUND PURCHASE OF PRUDENTIAL‘S EQUITY INTEREST Source text for Eikon: Further company coverage:

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