Bracewell Represents Citigroup in Financing Connected with Boardwalk Pipeline Partners’ Purchase of PL Midstream LLC

August 21, 2012

HOUSTON — Bracewell & Giuliani LLP is representing Citigroup, as lead arranger and administrative agent, in a $225 million term loan acquisition financing to a joint venture between Boardwalk Pipeline Partners and its general partner Loews Corporation, in connection with the acquisition of PL Midstream LLC from PetroLogistics.  PL Midstream provides salt-dome storage, pipeline transportation, fractionation and brine supply services for producers and consumers of natural gas liquids, natural gas, and petrochemical through southern Louisiana. 

Bracewell attorneys working on the transaction include:

Partners: Kate Day and Mark K. Lewis

Associates: Mary M. O’Black and Michael De Voe Piazza