DCP Midstream Partners LP, Denver, (NYSE: DPM) announced today that it has entered into a new $1-billion, five-year senior unsecured revolving credit facility. The credit facility includes an option permitting an increase in the size of the facility to an aggregate of $1.25 billion by receiving commitments from new or existing lenders. The new credit facility replaces the existing $850 million, five-year senior unsecured revolving credit facility that matures in June 2012.

"We appreciate the continued strong support from our bank group,” said Angela Minas, Vice President and Chief Financial Officer. “This new facility enhances our liquidity and financial flexibility to execute on our growth plans, including co-investment opportunities with our general partner.”

Wells Fargo, N.A. will serve as Administrative Agent, Citibank, N.A. acted as Syndication Agent with Bank of America, N.A., Barclays Bank PLC, and Royal Bank of Canada acting as Documentation Agents.