EPIC Propane Pipeline LP closed on an amendment and extension of its Riverstone Credit Partners LLC term loan that will convert it into a sustainability-linked loan, a company press release announced on Oct. 19.

Reaching maturity in September 2026, the loan highlights the company's dedication to sustainability, with proceeds going toward general corporate purposes and refinancing existing debt.

“EPIC operates its assets with a focus on protecting the environment while providing a safe and reliable transport service to ensure access to energy for the entire world,” CEO Brian Freed commented in the release. “The bond offering highlights our continued focus on sustainability efforts.”

Under the loan's sustainability performance target, EPIC hopes to reduce releases by 25% compared to the baseline across the company and its affiliates, EPIC Crude and EPIC Y-Grade, according to the release.

ESG data and rating company Sustainable Fitch provided a second party opinion to confirm that the loan was structured in-line with the LSTA Sustainability-Linked Loan Principles.

Established in 2017, EPIC's portfolio of assets includes 1,695 miles of pipeline monitored by a fiber-optic leak detection system around the clock to enhance pipeline safety and production. Through this fiber optic technology, the company ensures quick data delivery to enable effective decision-making and prevent pipeline incidents.