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DC Advisory advises BWC Terminals on the construction financing of its Pascagoula terminal facility

Background

  • BWC Terminals (BWC) is a leading bulk liquid storage provider with over 20 m barrels of storage capacity and 22 terminals in key strategic locations across the US and Canada
  • BWC acquired the BWC Mississippi site in July 2025, with plans to construct storage capacity with supporting rail, marine, and pipeline infrastructure
  • The new terminal aims to strengthen BWC’s relationship with Chevron, with BWC providing storage and handling services to support Chevron’s Refinery in Pascagoula, Mississippi  

Process

  • DC Advisory was exclusively engaged by BWC as its financial advisor to provide debt advisory for the financing of the new project, following its successful role advising on BWC’s previous corporate platform refinancing in 2024
  • DC Advisory leveraged its knowledge of the asset and the wider BWC business, as well as extensive experience on midstream Infrastructure financings to provide comprehensive transaction management
  • DC Advisory ran a comprehensive financing process, engaging various sources of liquidity in the bank and institutional markets

Outcome

  • DC Advisory delivered a flexible, tailored financing package to fund the construction of the Pascagoula terminal, including an accordion facility to fund future expansion at the site
  • This transaction highlights DC Advisory’s deep expertise in the midstream Infrastructure sector and its ability to deliver tailored solutions for client to support various stages of their development
  • The transaction closed on 30 January 2026

“We are very pleased with the outcome, which represents an important step for BWC as we advance the project at Pascagoula. DC Advisory played a critical role throughout the process with thoughtful guidance to help us secure a flexible solution that supports our long‑term growth plans.”

Bradley Oswald, Chief Financial Officer, BWC Terminals

“We are delighted to support BWC on this important project and to continue building on our strong partnership. Having advised BWC on its previous platform refinancing, it is a privilege that the team chose to work with us again for this next phase of their growth.”

Hannah Schofield, Managing Director, DC Advisory

What to read next

Date
Sectors
  • Infrastructure
Deal type
  • Debt Advisory & Restructuring
Deal locations
United States
Deal team
Managing Director
Director
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