Global Infrastructure Partners Gives Debt Support to Whistler Pipeline in Texas

Posted on 06/28/2020

Global Infrastructure Partners (GIP), through its credit fund GIP Spectrum Fund, L.P., along with its affiliates and co-investors, has closed on the purchase of US$ 325 million of an aggregate US$ 400 million senior secured bullet notes in Whistler Pipeline, LLC.

Whistler Pipeline is a greenfield, approximately 500‐mile, 2.0 Bcf/d natural gas pipeline that will connect the Permian Basin to the Agua Dulce hub near Corpus Christi, Texas. The Whistler Pipeline Project is underpinned by long term, contractual minimum volume agreements from investment grade customers and represents critical natural gas takeaway infrastructure from the prolific Permian Basin. The pipeline project will provide Permian producers direct access to the South Texas markets, as well as liquefied natural gas and Mexican export markets.

Whistler Pipeline’s consortium of owners consists of MPLX LP (NYSE: MPLX), Austin-based WhiteWater Midstream and a joint venture between Stonepeak Infrastructure Partners and West Texas Gas. These owners will fund construction of the Project. The Whistler Pipeline is expected to be in-service in the third quarter of 2021.