September 2, 2011 [Bloomberg] - Buffalo Gulf Coast Terminals, a provider of oil storage services, is seeking a $275 million term loan to help finance its purchase of Houston Fuel Oil Terminal Co. from ArcLight Capital Partners LLC, according to a person with knowledge of the transaction.
Barclays Bank Plc is arranging the deal for the Alinda Capital Partners LLC-owned company, said the person, who declined to be identified because the terms are private. The bank will host a lender meeting on Sept. 8 in New York.
Chris Beale, a partner at Greenwich, Connecticut-based Alinda, didn’t respond to an e-mail seeking comment.
