Commercial finance provider CIT Group Inc. has arranged $125 million in senior secured financings for Arcadia Gas Storage, a salt dome gas storage facility to be developed in north-central Louisiana (see Daily GPI, Jan. 25, 2007). Arcadia is owned by Cardinal Gas Storage, a 50/50 joint venture of Martin Resource Management Corp. and Energy Capital Partners. The facility is to be constructed in two phases over the next three years and will have 7.8 Bcf of working capacity. Financing for the transaction was provided by CIT Energy, a unit of CIT. The senior secured credit facilities included construction, pad gas and accordion financing.
Arranged
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Transportation Notes
Florida Gas Transmission did not extend an Overage Alert Day notice beyond Friday.
April 5, 2005
Prosecutors Urge Judge to Follow Agreement When Lea Fastow Sentenced This Week
Federal prosecutors in Houston last week urged a judge to follow the arranged plea bargain against Lea Fastow, who is scheduled to be sentenced this week. She is the wife of former Enron Corp. CFO Andrew Fastow, and pleaded guilty earlier this year to filing a false tax report (see NGI, Jan. 19).
April 5, 2004
Prosecutors Urge Judge to Follow Plea Agreement When Lea Fastow Sentenced
Federal prosecutors in Houston this week urged a judge to follow the arranged plea bargain against Lea Fastow, who is scheduled to be sentenced next week. She is the wife of former Enron Corp. CFO Andrew Fastow, and pleaded guilty earlier this year to filing a false tax report (see Daily GPI, Jan. 15).
April 1, 2004
Guardian Closes Financing, Prepares for Spring Construction
Guardian Pipeline reported it has closed its $180 million project financing that was arranged by Prudential Capital Group for the construction of the 142-mile, 36-inch diameter pipe extending from Joliet to the Ixonia, WI, area. Prudential provided $125 million of the project financing, with GE Capital funding the remaining $55 million.
November 12, 2001
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