EV Energy Partners amends senior secured credit facility

EV Energy Partners LP (NASDAQ: EVEP) has amended its credit facility.

EVEP recently entered into an amendment to its senior secured credit facility that, among other things, extends the maturity of the facility to February 2020 and extends the senior secured debt to EBITDAX covenant of 3.5 to 1.0 through March 31, 2016. The borrowing base was reduced from $730 million to $650 million with the next redetermination scheduled for October 2015. 

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