Enterprise Secures New Revolving Loans

Image Courtesy: Enterprise Products Partners

US-based Enterprise Products Partners has, through its operating subsidiary, Enterprise Products Operating, entered into new revolving credit facilities.

The new facilities, which will extend the maturity dates of its existing credit facilities, consist of a USD 4 billion multi-year revolving credit agreement that matures on September 13, 2022 and a USD 1.5 billion 364-day revolving credit agreement that matures on September 12, 2018.

The new facilities replace Enterprise Products Operating’s existing revolving credit facilities, and its aggregate borrowing capacity remains unchanged.

Enterprise Products Partners is a North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals.

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