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EIG & other PEs help restart St. Croix refinery with $1.25B
Limetree Bay Ventures closed a $1.25 billion financing for Limetree Bay Refinery LLC, operator of a 650,000 bo/d oil refinery on St. Croix, US Virgin Islands. The funds will help restart the facility by the end of next year. The $550 million preferred equity part of the package was funded by EIG Global Energy Partners and funds affiliated with BlackRock and Barclays, while a $700 million term loan was led by Westbourne Capital. Limetree......
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