American Midstream Partners LP (NYSE: AMID) increased the borrowing capacity of its credit facility to $500 million, the company said Sept. 8.
The capacity could be increased to $700 million, and the facility’s maturity was extended to September 2019, the company added.
A syndicate of 14 banks was led by Bank of America NA, which is the administrative agent, collateral agent, L/C issuer and lender, American Midstream said.
Merrill Lynch, Pierce, Fenner & Smith Inc. and Wells Fargo Securities LLC are joint lead arrangers and joint book managers, the company added.
Wells Fargo Bank NA is syndication agent and lender; Compass Bank, Capital One NA, Citibank NA, Comerica Bank and SunTrust Bank are co-documentation agents and lenders.
Barclays Bank Plc, Cadence Bank NA, the New York branch of Deutsche Bank AG (NYSE: DB), ABN AMRO Capital USA LLC, Royal Bank of Canada, Santander Bank NA and the Stamford branch of UBS AG (NYSE: UBS) are also lenders, the company said.
The credit facility will support growth and other partnership purposes, American Midstream noted.
American Midstream Partners LP is based in Denver and works domestically.
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