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DCP Midstream to repay revolver via common unit offering proceeds
By Tali David
Minneapolis, Aug. 6 - DCP Midstream Partners, LP plans to repay debt under its revolving credit facility with the proceeds of a common unit offering, according to a 424B5 filed with the Securities and Exchange Commission.
The debt repayment will increase its borrowing capacity for future growth projects and acquisitions. Proceeds will also be used for general partnership purposes.
DCP is a Denver-based company focused on gathering, processing, transporting and marketing natural gas, propane and natural gas liquids.
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