Falcon Gas Storage has selected four banks to arrange $400 million in debt underpinning its MoBay Storage Hub development in Mobile County, Ala. BNP Paribas and ING will serve as joint book-runners, while WestLB and Royal Bank of Scotland will be lead arrangers, according to Luke Saban, cfo in Houston. Documents finalizing the mandates will be put in place on Monday, he adds.
July 29, 2008