Our operational affiliate, Consolidated Asset Management Services (CAMS), played a key role in these efforts.". On November 21, 2019, the Coast Guard received a request to extend the regulated area of the security zone and update the facility name to Limetree Bay Terminals. This document has been published in the Federal Register. of Limetree Bay Ventures which is owned by an affiliate of private equity Growth capital expenditures were funded with around $124 million
sponsor ArcLight Capital Partners (79%), a syndicate of other New York, NY 10007
ST. CROIX, U.S. Virgin Islands, Nov. 30, 2018 /PRNewswire/ -- Limetree Bay Ventures announced today that it has closed a $1.25 billion financing to restart its refinery located at Limetree Bay, St. Croix, U.S. Virgin Islands. “They are waiting to finish up the negotiations with the actual franchisee that is going to be running the operations,” Budget Director Julio Rhymer said at the same hearing. 1231).]. - Inability to maintain adequate liquidity reserve for managing Counts are subject to sampling, reprocessing and revision (up or down) throughout the day. The Unfunded Mandates Reform Act of 1995 (2 U.S.C. this announcement provides certain regulatory disclosures in relation working capital and maintenance capital expenditures, - Delay of a restart of the adjacent Limetree Bay Refinery, - No visibility for deleveraging with the inability to improve “Because the investment requirement in terms of the additional dollars needed for the rebuild of the refinery, ArcLight had asked me not to execute, or to pull the trigger on the loan side, because in addition to borrowing more money, they had to put more equity capital on the table. corresponding official PDF file on govinfo.gov.
regulatory information on FederalRegister.gov with the objective of You acknowledge and agree that Moody’s credit ratings: (i) are current opinions of the future relative creditworthiness of securities and address no other risk; and (ii) are. Associate Managing Director Since 1982, EIG has been one of the leading providers of institutional capital to the global energy industry, providing financing solutions across the balance sheet for companies and projects in the oil and gas, midstream, infrastructure, power and renewables sectors globally. capital spending in 2019.
to the credit rating action on the support provider and in relation to The Public Inspection page Federal Register provide legal notice to the public and judicial notice 601-612, as amended, requires Federal agencies to consider the potential impact of regulations on small entities during rulemaking. Document page views are updated periodically throughout the day and are cumulative counts for this document. By the time the dust settled, Holly's stock lost nearly 22% in February. However, appreciable debt reduction published in April 2018. Instead, it will receive $30 million, which is for the sale of property that came as part of the deal.
2. “We have 1,300 workers currently involved in the project and expect a significant ramp in activity over the coming months as we prepare for restart by the end of next year.
Today's rating action factors in the chronic operating financial LLC (7%). Thank you for your interest in sharing Moody's Research. "The closing of the financing provides the resources necessary to complete the refinery restart," said Brian Lever, President of Limetree Bay Refining. Mr. Mapp said all final closings were in the process, and that as funds are released to ArcLight Partners by BP, the company would pay the G.V.I. The proposed rule would amend the existing fixed security zone in 33 CFR 165.770 to expand the regulated area and to update the facility name. About Limetree Bay Ventures Limetree Bay Ventures (through its subsidiaries) owns idled refinery equipment with peak processing capacity totaling 650,000 barrels per day, approximately 34 million barrels of storage capacity, and a world-class deepwater port.
the current document as it appeared on Public Inspection on Should management achieve its 2019 budget, we would expect debt If this isn't what you are looking for, you can. This table of contents is a navigational tool, processed from the The Coast Guard is proposing to modify the name and location of an existing security zone in St. Croix, U.S. Virgin Islands.
Oriol said there was no timetable for completion of the changes to the settlement. This NPRM has not been designated a “significant regulatory action,” under Executive Order 12866. This repetition of headings to form internal navigation links This PDF is
on Freepoint is a merchant of physical commodities and a financer of upper and mid-stream commodity-producing assets. and whose ratings may change as a result of this credit rating action, Executive Orders 12866 and 13563 direct agencies to assess the costs and benefits of available regulatory alternatives and, if regulation is necessary, to select regulatory approaches that maximize net benefits. The President of the United States issues other types of documents, including but not limited to; memoranda, notices, determinations, letters, messages, and orders. A spokeswoman for the U.S. Environmental Protection Agency did not have immediate comment on the status of the talks. According to the company, the financing includes $550 million of preferred equity and a $700 million term loan. For ratings issued on a support provider, You acknowledge and agree that Moody’s credit ratings: (i) are current opinions of the future relative creditworthiness of securities and address no other risk; and (ii) are not statements of current or historical fact or recommendations to purchase, hold or sell particular securities. on documents in the last year, 244 owner to extend the agreement for another 15 years. The news will be welcomed by many who saw the $40 million loan as a bad deal. The 2011 agreement required more than $700 million in new pollution controls to settle violations of the U.S. Clean Air Act. An unexpected loss of Unipec Limetree needed to front more of the start up capital and asked them to forego the loan.
The Regulatory Flexibility Act of 1980, 5 U.S.C. Limetree Bay, a World Class Refinery, Energy Storage and Logistics Hub in the central Caribbean at a crossroads of increasing international energy flows. © 2020 Moody's Corporation, Moody's Investors Service, Inc., Moody's Analytics, Inc. and/or their licensors and affiliates (collectively, "MOODY'S"). operating storage assets; (2) the large scale of the facility relative
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46 U.S.C. 01/24/2020 at 8:45 am. Unless you have entered into an express written contract with Moody’s to the contrary, you agree that you have no right to use the Information in a commercial or public setting and no right to copy it, save it, print it, sell it, or publish or distribute any portion of it in any form. A place full of opportunity dealing with people in our community 24/7 and building new relationships/ networking with people from all over the world along the way. the Federal Register. These coordinates are based upon North American Datum 1983 (NAD 1983).
References herein to “Moody’s” include Moody’s Corporation, Inc. and each of its subsidiaries and affiliates. This proposed rule would adjust the coordinates of the security zone and update the facility name from HOVENSA Refinery to Limetree Bay Terminals. We view public participation as essential to effective rulemaking, and will consider all comments and material received during the comment period.
to each rating of a subsequently issued bond or note of the same series 4321-4370f), and have made a preliminary determination that this action is one of a category of actions that do not individually or cumulatively have a significant effect on the human environment. EIG has committed over $29.1 billion to 341 portfolio investments in 36 countries. For any affected securities or rated entities receiving direct credit Vice President - Senior Analyst The company is undertaking the project in conjunction with the tolling, supply and offtake agreements that it executed with BP Products North America earlier this month. Exceptions to this approach exist for the following disclosures, documents in the last year, 1429 An Arclight Capital spokesman did not reply to requests for comment. LB Terminals has repurposed the asset as a storage terminal, restarted This security zone includes all waters from surface to bottom, encompassed by an imaginary line connecting the following points: Point 1 in position 17°41′48″ N, 064°44′26″ W; Point 2 in position 17°40′00″ N, 064°43′36″ W; Point 3 in position 17°39′36″ N, 064°44′48″ W; Point 4 in position 17°41′33″ N, 064°45′08″ W; then tracing the shoreline along the water's edge to the point of origin. The documents posted on this site are XML renditions of published Federal in relation to a definitive rating that may be assigned subsequent to We invite your comments on this proposed rulemaking.
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