Remove 2017 Remove Bulge Bracket Remove DCF
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Infrastructure Investment Banking: Definitions, Deals, and a Dizzying Diversity of Verticals

Mergers and Inquisitions

However, MLPs have become less popular since the 2017 tax reform, and many Midstream companies have converted to C-Corporations and now pay corporate taxes. DCF: Deducts the full Interest Expense and deducts only Maintenance CapEx. The difference in Midstream, at least in the U.S., Outside the U.S.,