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Tidewater Midstream and Infrastructure Ltd. Announces Strategic Expansion of its Liquids Value Chain with the Acquisition of Prince George Refinery including a Five-Year Investment Grade Product Offtake Agreement which results in over 50% Accretion
Tidewater Midstream and Infrastructure Ltd. Announces Strategic Expansion of its Liquids V...
About this update from Tidewater Midstream & Infrastructure Ltd.
[{"type":"text","content":"\n\n\n\nTidewater Midstream and Infrastructure Ltd. Announces Strategic Expansion of its Liquids Value Chain with the Acquisition of Prince George Refinery including a Five-Year Investment Grade Product Offtake Agreement which results in over 50% Accretion\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0.50em\n}\n.prngen3{\nBORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:black 1pt solid; PADDING-RIGHT:0.50em\n}\n.prntbls{\nBORDER-TOP: black 1px solid; BORDER-RIGHT: black 1px solid; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: black 1px solid; BORDER-LEFT: black 1px solid\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Oct. 4, 2019\n\n\n\n/THIS RELEASE IS INTENDED FOR DISTRIBUTION OUTSIDE THE UNITED STATES ONLY AND IS NOT AUTHORIZED FOR DISTRIBUTION WITHIN THE UNITED STATES/\nAll financial figures are approximate and in Canadian dollars unless otherwise noted. This news release refers to adjusted earnings before interest, taxes, depreciation and amortization (\"Adjusted EBITDA\"), net debt and distributable cash flow, which are supplemental financial measures that do not have standardized meanings under generally accepted accounting principles (\"GAAP\"), and are therefore unlikely to be comparable to similar measures presented by other companies‎. For more information about these measures, please see \"Non-GAAP Measures\" below.  \n CALGARY, Oct. 4, 2019 /CNW/ - Tidewater Midstream and Infrastructure Ltd. (\"Tidewater\" or the \"Company\") (TSX: TWM) is pleased to announce that it has entered into a purchase and sale agreement (\"PSA\") to acquire Husky Energy Inc.'s (\"Husky\") light oil refinery located at Prince George, British Columbia (\"B.C.\") (the \"Acquisition\") thereby expanding Tidewater's liquids value chain.\n\n \n \n\n \nThe Prince Ge...