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BRIEF-Tidewater Midstream And Infrastructure announces strategic acquisitions within Deep Basin and Montney regions

Published 2017-08-15, 07:54 p/m
© Reuters.  BRIEF-Tidewater Midstream And Infrastructure announces strategic acquisitions within Deep Basin and Montney regions
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Aug 15 (Reuters) - Tidewater Midstream And Infrastructure Ltd TWM.V

* Tidewater Midstream And Infrastructure announces strategic acquisitions within Deep Basin and Montney regions

* Tidewater Midstream And Infrastructure Ltd - deal for $51 million

* Tidewater Midstream And Infrastructure Ltd - acquisitions will be funded using available room on Tidewater's existing credit facility

* Tidewater Midstream And Infrastructure Ltd - acquisitions are supported by a ten-year reserve dedication and a $12 million capital commitment

* Tidewater Midstream And Infrastructure Ltd - forecasted 2018 EBITDA for acquisitions is approximately $10 million

* Tidewater Midstream And Infrastructure - following close of Deep Basin and Montney deal, co intends to market upstream assets through public sales process

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