EV Energy to repay revolver via 9% Cardinal Gas interest divestment

By Tali Rackner

Norfolk, Va., Sept. 23 – EV Energy Partners, LP plans to repay amounts outstanding under its revolving credit facility with proceeds from its agreement to divest its 9% interest in Cardinal Gas Services, LLC, according to a press release.

Availability under the revolving credit facility may be used to fund future activities, including acquisitions of oil and natural gas properties.

EV Energy is a Houston-based acquirer, producer and developer of oil and gas properties.

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