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MarkWest Energy Partners increases revolving credit facility to $1.3 billion


Published Mar 24, 2014
MarkWest Energy Partners, L.P.

MarkWest Energy Partners, L.P. announced the completion of an amendment to its senior secured revolving credit facility. The amendment increases total borrowing capacity to $1.3 billion, extends the maturity by 18 months to March 2019 and expands the existing accordion option from $250 million to $500 million. The bank syndicate is led by Wells Fargo Securities LLC and RBC Capital Markets who serve as Joint Lead Arrangers and Joint Lead Bookrunners.

'As MarkWest continues to execute our significant growth strategy in the Marcellus and Utica Shales, we are very excited to announce the increase of our liquidity position and strengthening of our financial flexibility by expanding our revolving credit facility,' stated Frank Semple, Chairman, President and Chief Executive Officer. 'We are proud to continue partnering with an exceptional group of lenders who have the resources and capital markets expertise that is essential to support our business.'

Tags: MarkWest Energy Partners




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