HOUSTON, TEXAS—Texas pipeline company Max Midstream Texas LLC (“Max Midstream”), a wholly owned subsidiary of Max Energy, plans to refinance its existing municipal bonds issued by the Calhoun County Navigation Industrial Development Authority. Max Midstream operates a carbon neutral export terminal at the Port of Calhoun, Texas and linking pipeline on the US Gulf Coast. Max Midstream borrowed $142 million of bonds, including $94 million of Series 2021A tax-exempt bonds and $48 million of Series 2021B taxable bonds in July 2021. These bonds mature on July 1,2026.
The bonds offered will not be registered under the Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States without registration or an applicable exemption from registration.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security. Any such solicitation will only be made pursuant to an offering document approved by Max Midstream which prospective investors should review in its entirety before making any investment decision. No investment decision should be made in reliance upon the information contained in this notice.
