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CorEnergy completes $125 million acquisition of MoGas Pipeline


Published Nov 26, 2014
CorEnergy Infrastructure Trust, Inc.

CorEnergy Infrastructure Trust, Inc. has closed its previously announced acquisition of the ownership and operations of the MoGas Pipeline System for $125 million in cash. In connection with the consummation of the acquisition, the Company has entered into a newly amended revolving credit facility with borrowing capacity of up to $93 million in aggregate.

'We are pleased to add this strategic asset to our energy infrastructure portfolio,' said David Schulte, Chief Executive Officer of CorEnergy. 'We expect that future opportunities associated with this transaction together with enhanced liquidity under our credit facility will provide further growth and diversification to our asset base, which will ultimately benefit our shareholders.'

Tags: CorEnergy Infrastructure Trust, Inc.




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