Southcross Energy repays $9 million of revolver, term loan in Q3

By Susanna Moon

Chicago, Nov. 8 – Southcross Energy Partners, LP said it paid down $9 million of its credit facility in the third quarter.

As of Sept. 30, Southcross had total outstanding debt of $561 million including $123 million under its revolver, compared to total outstanding debt of $570 million as of June 30, according to an earnings release for the third quarter ended Sept. 30.

“The reduction in debt on a sequential quarter basis is due to the use of free cash flow from the business to pay down the revolver as well as the mandatory term loan amortization payment,” the release said.

Southcross is a Dallas-based midstream services company.

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