Enterprise Increases and Extends Revolving Credit Facility
Enterprise Products Partners says that its operating partnership, Enterprise Products Operating, completed an amendment to its existing multi-year revolving credit facility to, among other terms, increase total bank commitments from $1.25 billion to $1.75 billion and extend the maturity date of the credit facility to November 19, 2012. In addition, the amendment provides the partnership with the option to further increase commitments under the credit facility up to a maximum of $2.25 billion upon satisfaction of certain conditions.
The Administrative Agent for the credit facility is Wachovia Bank, National Association. The Co-Syndication Agents are Citibank, N.A. and JPMorgan Chase Bank, N.A. and the Co-Documentation Agents are Mizuho Corporate Bank, Ltd., SunTrust Bank and The Bank of Nova Scotia. The joint lead arrangers are Wachovia Capital Markets, LLC; Citigroup Global Markets Inc. and J.P. Morgan Securities Inc.
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