Enterprise increases capacity of bank credit facilities to $5.5B

Enterprise Products Partners LP’s (NYSE: EPD) operating subsidiary, Enterprise Products Operating LLC, has increased its bank credit facilities by $500 million to provide the company with up to $5.5 billion of aggregate borrowing capacity.

The facilities consist of an amended $4 billion multi-year revolving credit agreement that matures in September 2020 and a new $1.5 billion 364-day revolving credit agreement, both of which are unconditionally guaranteed by Enterprise on an unsecured and unsubordinated basis. As of today, aggregate available borrowing capacity under the increased bank credit facilities is $4.7 billion.

 

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