Eagle Rock Energy Partners LP (Nasdaq: EROC) has amended its five-year senior secured credit facility originally entered into on June 22, 2011 with a syndicate of banks led by Wells Fargo NA as administrative agent, and Bank of America NA and Royal Bank of Scotland plc as co-syndication agents. Current commitments total $320 million, with the ability to increase commitments up to $1.2 billion. The facility matures in October 2019, extended from Eagle Rock's former senior secured credit facility, as amended, which was scheduled to mature in June 2016. This amendment coincides with the semi-annual redetermination of the borrowing base, and the next redetermination will be April 2015.

The Regency Energy Partners units that the partnership received as part of its midstream business contribution are not collateralized under the credit facility agreement.

The amended credit agreement is a more traditional reserve-based facility for a pure-play upstream MLP, and includes revised covenants and improved fee pricing.

Eagle Rock is based in Houston.