Triloma EIG Energy Income Fund and Triloma EIG Energy Income Fund - Term I announced their participation in up to a $110 million Senior Secured First Lien Note issued by ARB Midstream.
The transaction was negotiated and structured by EIG on behalf of its managed investment vehicles and the funds.
ARB Midstream is a growth-oriented private company headquartered in Denver providing midstream and marketing services for crude oil, liquid petroleum gas, and refined products with a majority interest in the Platte River Gathering System located in Weld County, Colo. The floating rate note matures in four years and is secured by all assets of the Issuer as well as a pledge of the common equity of the Issuer and of each of its operating subsidiaries.
“ARB is our first privately originated midstream investment. This strategic investment further diversifies our portfolio and provides our investors access to critical midstream infrastructure in the region,” said Jeff Karansky, Triloma Energy Advisors' portfolio manager.
Triloma EIG Energy Income Fund and Triloma EIG Energy Income Fund - Term I are unlisted investment companies that invest primarily in global portfolios of privately originated energy company and project debt. Their investment objectives are to provide shareholders with current income, capital preservation and, to a lesser extent, long-term capital appreciation. The funds are managed by Triloma Energy Advisors and EIG Credit Management Co., wholly owned subsidiaries of Triloma Financial Group and EIG Global Energy Partners, respectively.
