Inter Pipeline Fund has reached an agreement with its lending syndicate to increase the size of its senior, unsecured revolving credit facility from $750 million to $1.25 billion. Inter Pipeline also has the ability to increase the commitment to $1.5 billion, subject to lender approval. The term of the credit facility remains unchanged with a maturity date of December 5, 2017, which can be extended further upon certain conditions.

"The increase to our credit facility provides additional financial flexibility to support Inter Pipeline's extensive organic growth plans," commented Bill van Yzerloo, Inter Pipeline's Chief Financial Officer. "We are pleased with the strong commitment by our lending syndicate, especially as we advance the largest capital investment program in our history."

Tags: Inter Pipeline Fund