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Our Partners

Meritage is backed by private equity commitments from Riverstone Holdings LLC ("Riverstone") that total $800 million. Riverstone is an energy and power-focused private investment firm founded in 2000 by David M. Leuschen and Pierre F. Lapeyre, Jr. with approximately $34 billion of equity capital raised. Riverstone conducts buyout and growth capital investments in the exploration and production, midstream, oilfield services, power and renewable sectors of the energy industry. With offices in New York, London and Houston, the firm has committed over $30 billion to more than 120 investments in North America, Latin America, Europe, Africa and Asia.

Additional financing arrangements include:

  • A $125 million credit facility with a $50 million accordion feature that allows expansion to $175 million for the benefit of Meritage Midstream Services II, LLC and its subsidiaries. Six banks participate in the financing arrangement: Deutsche Bank Trust Company Americas acts as administrative agent; Deutsche Bank AG, Citibank, N.A., Royal Bank of Canada acted as joint lead arrangers, Capital One, N.A. and The Toronto-Dominion Bank, New York Branch acted as lenders.
  • A $35 million credit facility with a $100 million accordion feature that allows expansion to $135 million for the benefit of Meritage Midstream Services III, LP and its subsidiaries. Citibank, N.A. acts as administrative agent and sole lender of the $35 million credit facility.