Kayne Anderson-backed Canyon nets $50 mln

By Iris Dorbian — 1 year ago

Houston-based midstream company Canyon Midstream Partners, which is backed by Kayne Anderson, has received a $50 million credit facility, (which can be expanded to $100 million). The capital will be used to finance Canyon’s expansion plans in the Permian Basin, the Eaglebine play in East Texas and the Tuscaloosa Marine Shale. Wells Fargo Securities was the sole lead arranger and bookrunner of the loan.