Third Coast Term Loan B Announcement
- 6 hours ago
- 2 min read

Third Coast Super Holdings, LLC ("Third Coast") is pleased to announce that its wholly-owned subsidiary, Third Coast Infrastructure, LLC, successfully completed a $125 million increase of its Term Loan B facility to $1.046 billion, as well as a 50 basis points repricing of its total debt. The Term Loan B increase was related to Third Coast’s interest in the Salamanca floating production system (“FPS”), an offshore semi-submersible located in the Keathley Canyon area of the Gulf of Mexico in water depths of over 6,000 feet. The Salamanca FPS has a processing capacity of 60 thousand barrels per day of crude oil, 40 million standard cubic feet per day of natural gas, and 25 thousand barrels per day of water, and is part of Third Coast’s diversified portfolio of four FPS interests across the Gulf of Mexico.
The repricing and upsizing demonstrate the strength of Third Coast’s assets and business model, our track record of growth and financial success, and the continued support from our debt investors. Joint Lead Arrangers and Joint Bookrunners for the debt repricing and increase were Bank of America, RBC Capital Markets, KeyBank Capital Markets Inc., Mizuho Bank, Ltd. and Investec Inc. Milbank LLP acted as legal counsel to Third Coast.
About Third Coast Super Holdings, LLC
Headquartered in Houston, Texas, Third Coast is a midstream company with assets that provide critical infrastructure linking primarily natural gas production to end-use markets. Third Coast's vertically and horizontally integrated assets are strategically located along the Gulf Coast and in the Gulf of Mexico. Third Coast currently owns or has an ownership interest in approximately 1,900 miles of interstate and intrastate pipelines, as well as ownership in a gas processing plant, and four offshore semi-submersible floating production systems with a combined processing capacity of up to 340 thousands barrels of crude oil per day and 580 million cubic feet of natural gas per day. For more information about Third Coast, visit www.third-coast.com.




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