Salt Creek Gas gathering and processing business recapitalised

摘要

SCM Topco, LLC, parent of Salt Creek Midstream, LLC, a full service natural gas gatherer and processor (Salt Creek Gas), has announced that it has closed on a comprehensive recapitalisation with additional investments from both its existing lender groups and funds managed by Ares Management, a leading global alternative investment manager. The recapitalisation was consensual and approved by 100% of the lender group. The financial terms of the transaction were not disclosed.