Global Infrastructure Partners (GIP) portfolio company Access Midstream Partners announced a $400 million senior note offering.
Natural gas pipeline master limited partnership (MLP) Access said the 5.875 percent notes are due in 2021 and are an “additional issuance” to a $300 million bond deal in April.
Access, which is based in Oklahoma, a state in the US South, said money raised will be used to fund working capital and pay down debt.
Barclays, BBVA Securities, Citigroup, Royal Bank of Scotland Group (RBS) and Wells Fargo Securities underwrote the deal.
Access, formerly Chesapeake Midstream Partners, was created in a joint venture (JV) between GIP and Chesapeake Energy Corporation.
GIP, a fund operator based in London and New York, guided the midstream company to a successful initial public offering (IPO) in 2010.
In 2012, Chesapeake Energy sold its 50 percent stake in Chesapeake Midstream to GIP, which renamed the MLP Access Midstream Partners.
Last December, GIP sold 50 percent of Access to oil and gas concern Williams Companies for $1.82 billion.
Access Midstream Partners was trading on the New York Stock Exchange (NYSE) for $46.60 per share on Friday.