In a semiannual redetermination, the lender group for Eagle Rock Energy Partners LP (NASDAQ: EROC) amended the company’s credit facility, Eagle Rock said May 28.
The midstream section of the facility’s borrowing base was increased, the company said, but did not provide an amount.
On June 1, the upstream section of the borrowing base was decreased to $330 million from $380 million, Eagle Rock said.
After these adjustments, the total borrowing base will be about $819 million—a nearly $5 million increase, the company added.
The total leverage ratio and the senior secured leverage ratio were also increased, the company noted.
Houston-based Eagle Rock Energy Partners LP is a midstream/upstream MLP that works domestically.
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