CALGARY, Nov. 1, 2019 /CNW/ - Tidewater Midstream and
Infrastructure Ltd. ("Tidewater") (TSX:TWM) is pleased to
announce that it has closed its previously announced acquisition of
Husky Energy's light oil refinery ("PGR") located at
Prince George, British Columbia
(the "Acquisition"). In conjunction with the
Acquisition, Tidewater has also closed the previously announced:
expansion of its credit facility from $350
million to $600 million; and,
$100 million second lien term loan
through ATB Financial, which loan is subordinated to the senior
credit facility.
Third Quarter, 2019 Earnings Call
In conjunction with Tidewater's third quarter 2019 earnings
release, investors will have the opportunity to listen to Tidewater
senior management review its third quarter results of fiscal 2019
via conference call on Wednesday November
13, 2019 at 11:00 am MDT.
To access the conference call by telephone, dial 647-427-7450
(local / international participant dial in) or 1-888-231-8191
(North American toll free participant dial in). A question and
answer session for analysts will follow management's
presentation.
A live audio webcast of the conference call will be available by
following this link:
https://event.on24.com/wcc/r/2129551/E76DFDC5C3C8C478FDCA5BE939FA6442 and
will also be archived there for 90 days.
For those accessing the call via Cision's investor website, we
suggest logging in at least 15 minutes prior to the start of the
live event. For those dialing in, participants should ask to be
joined into the Tidewater Midstream and Infrastructure Ltd.
earnings call.
About Tidewater
Tidewater is traded on the TSX under the symbol "TWM".
Tidewater's business objective is to build a diversified midstream
and infrastructure company in the North American natural gas,
natural gas liquids ("NGL"), and crude oil space. Its strategy is
to profitably grow and create shareholder value through the
acquisition and development of oil and gas infrastructure.
Tidewater plans to achieve its business objective by providing
customers with a full service, vertically integrated value chain
through the acquisition and development of oil and gas
infrastructure including: refineries, processing plants, pipelines,
railcars, trucks, export terminals and storage facilities
Additional information relating to Tidewater is available on
SEDAR at www.sedar.com and at www.tidewatermidstream.com.
SOURCE Tidewater Midstream and Infrastructure Ltd.