The borrowing base under Eagle Rock Energy Partners LP’s (NASDAQ: EROC) senior secured credit facility was decreased in a semiannual redetermination by its commercial lenders, the company said April 2.
Eagle Rock had about $180 million in total liquidity, comprised of about $108 million under its credit facility and about 3.1 million Regency units valued $72 million.
Houston-based Eagle Rock Energy Partners LP is an upstream-focused MLP.
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