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The operations are complementary to NRGM's existing midstream energy storage platform.
Bill Moler, senior vice president and COO of NRGM, said, "US Salt is characterized by very stable cash flows and adds substantial growth opportunities to our gas and NGL storage business."
The company said the consent solicitation expired at 17:00 New York City time on Wednesday, in which NRGM has been advised by Global Bondholder Services Corporation as information, tabulation and paying agent.
NRGM and US Bank National Association, as trustee under the indenture, executed a supplemental indenture giving effect to the amendment of the indenture, which will become operative as soon as payment of the consent fees is made just before the closing of Crestwood Holdings' and Crestwood Gas Services Holdings LLC's acquisition of the limited partnership interests of Inergy Holdings LP, the sole member of Inergy GP LLC and general partner of Inergy.
This offering, which is subject to market conditions, is being initiated by the company's wholly owned subsidiary, NRGM Finance Corp.
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- NRG Energy, Inc.