Eagle Rock Energy Partners, L.P. reported that effective April 1, 2013, the upstream component of the borrowing base under its senior secured credit facility has been decreased from $400 million to $375 million as part of the Partnership's regularly scheduled semi-annual redetermination by its commercial lenders.
The Partnership's total borrowing base, including its midstream component (as last determined as of December, 2012) and giving effect to the new upstream component, is approximately $827 million. The total borrowing capacity under the senior secured credit facility is limited to the lower of the borrowing base and the total lender commitments, which remain unchanged at $820 million.
Tags:
Eagle Rock Energy Partners
Add a Comment to this Article
Please be civil. Job and promotion will not be added into the comment page.