Eagle Rock Energy Partners LP (Nasdaq: EROC) received increased commitments from its lending group under its existing senior secured credit facility.
Total commitments increased from US $675 million to US $820 million, supported by the partnership's existing lenders and by the addition of Whitney Bank to the lending group. Concurrent with the increase in commitments, the partnership and lending group amended the facility to: allow for a temporary step-up in the total leverage ratio, institute a new senior secured leverage ratio, and increase the amount of permitted other investments.
Eagle Rock Energy Partners LP is a master limited partnership based in Houston that builds, acquires and operates oil and gas properties, natural gas gathering systems, and natural gas processing plants.
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