23.10.2013 00:14:00
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Crestwood Midstream Partners LP -- Moody's assigns B1 rating to new Crestwood notes
New York, October 22, 2013 -- Moody's Investors Service (Moody's) assigned a B1 rating to Crestwood Midstream Partners LP's (Crestwood) proposed $500 million senior unsecured notes due 2022. Use of proceeds will go towards partial funding of the recently announced acquisition of Arrow Midstream Holdings, LLC (Arrow) as well as repaying outstanding revolver borrowings. The outlook is stable.