Gray Oak Pipeline LLC, founded in 2017 and headquartered in Houston, Texas, is a premier midstream energy company focused on the transportation of natural gas liquids and crude oil. The company operates a highly efficient pipeline system that serves key markets in the Gulf Coast region, facilitating the movement of hydrocarbons from production areas to refineries and export facilities.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| GRYOAK 2.60% 2025-10-15 USDGray Oak Pipeline LLC | United States | 2025-10-15 | 2.600 | 6.03 |
| GRYOAK 2.60% 2025-10-15 USDGray Oak Pipeline LLC | United States | 2025-10-15 | 2.600 | 5.61 |
| GRYOAK 3.45% 2027-10-15 USDGray Oak Pipeline LLC | United States | 2027-10-15 | 3.450 | 4.17 |
| GRYOAK 3.45% 2027-10-15 USDGray Oak Pipeline LLC | United States | 2027-10-15 | 3.450 | 4.09 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Gray Oak Pipeline has a notable history of bond issuances, beginning with its inaugural offering in 2019 aimed at financing pipeline expansion and operations. Among significant issuances, the $1 billion bond tranche acquired to support the project’s development raised industry eyebrows due to its competitive yields compared to peers. The bonds are structured with attractive features such as a call option and varying maturities, providing investors with flexibility. Recent news indicates a stable yield trend amidst fluctuating industry rates, reflecting the pipeline’s reliable cash flow which helps to maintain investor confidence even during volatile market conditions.