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Meritage Midstream Services Enters $125 Million Credit Facility

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February 4, 2014

Meritage Midstream Services II LLC entered into a $125 million revolving credit facility that will be used in the company’s Powder River Basin assets in Wyoming, the company said Feb. 4. The credit facility has a $50 million accordion feature, allowing Meritage to increase the credit commitment to $175 million, the company added.

The credit facility has a three-year term, the company said. The financing closed on Jan. 31, Meritage said. Deutsche Bank Trust Co. Americas was administrative agent, the company added. Deutsche Bank AG (NYSE: DB), Citibank N.A., Royal ...

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