USA Compression Partners LP (NYSE: USAC) has closed the second amendment to its fifth amended and restated credit agreement, which provides for an increase in the revolving credit facility capacity from $850 million to $1.1 billion and an extension of the maturity to 2020.
The revolving credit facility contains an accordion feature whereby it can be expanded to $1.3 billion under certain conditions. In addition, the amendment also provides additional flexibility under the financial covenants. As of Sept. 30, 2014, the Partnership had approximately $510 million of variable-rate indebtedness outstanding under its revolving credit facility.
The company partners with producers, processors, gatherers, and transporters of natural gas. It focuses on providing compression services to infrastructure applications primarily in high-volume gathering systems, processing facilities, and transportation applications.