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Goldman Sachs MLP Income Opportunities Closes $395MM Credit Line

December 27, 2013, 07:23 AM

Goldman Sachs MLP Income Opportunities Fund recently closed its $395 million committed line of credit with a major U.S. financial institution. The Fund recently completed its initial public offering, raising $826.3 million of equity, excluding any exercise of the underwriters’ option to purchase additional shares. The Credit Facility allows the Fund to deploy leverage while taking advantage of the current short-term rate environment.

Goldman Sachs MLP Income Opportunities Fund is a non-diversified, closed-end management investment company which began trading on the NYSE on November 25, 2013. The Fund invests primarily in Master Limited Partnership (“MLP”) investments, a significant portion of which deliver midstream infrastructure to support growing hydrocarbon extraction. These include investments in pipeline operators, natural gas processors, NGL fractionators and storage facilities. The Fund is managed by Goldman Sachs Asset Management’s (“GSAM’s”) Energy & Infrastructure Team and combines the benefits of a boutique MLP investment team with the broad resources of a global asset manager. The Fund seeks a high level of total return with an emphasis on current distributions to shareholders.







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