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Citibank Agents $2B Revolver for Enterprise Products Partners

September 17, 2018, 07:08 AM
Filed Under: Energy

Enterprise Products Partners L.P. announced that its operating subsidiary, Enterprise Products Operating LLC (EPO), has entered into a new 364-day revolving credit facility.

Citibank, N.A. served as as Administrative Agent of the facility, which  consists of a $2.0 billion, 364-day revolving credit agreement that matures on September 11, 2019. The facility replaces EPO’s existing 364-day revolving credit agreement, which provided for an aggregate borrowing capacity of $1.5 billion with a maturity date of September 12, 2018.

Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and import and export terminals; crude oil gathering, transportation, storage and terminals; petrochemical and refined products transportation, storage and terminals; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity.

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