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.
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.
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