Natural gas gatherer and processor, DCP Midstream, has secured an $800 million credit facility, increasing the company’s total credit capacity to $1.25 billion. The new facility is due to mature in March 2015.
The loan has replaced a $350 million facility that runs through April 2012. The joint venture between Spectra Energy and ConocoPhillips also has a $450 million credit facility, scheduled to mature in April 2012.
Click here for the release from Business Wire.