Article: Falcon Gas Storage Subsidiary Closes on $335 Million Bank Loan Facility.

HOUSTON -- Falcon Gas Storage Company, Inc. today announced that its newly created wholly-owned subsidiary, NorTex Gas Storage Company, LLC, has closed on a secured $335 million bank loan package for the expansion of its Hill-Lake and Worsham-Steed gas storage facilities in North Texas.

The financing consists of a $280 million construction and term loan that will be used to complete the Phase II and Phase III expansions of the Hill-Lake Gas Storage Facility in Eastland County, as well as the Phase I and Phase II expansions of the Worsham-Steed Gas Storage Facility in Jack County. The latter project includes the construction of a 63-mile, 24-inch 450,000 Mcfd ...

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