DCP Midstream to repay debt under revolver with senior note proceeds

By Sarah Lizee

Olympia, Wash., May 8 – DCP Midstream, LP operating partnership DCP Midstream Operating, LP plans to repay debt under its revolving credit facility with proceeds from a new offering of notes, according to a press release.

DCP Midstream announced Wednesday that the operating partnership began a public offering of $500 million senior notes due 2029.

Proceeds from the offering will also be used for funding of capital expenditures.

The issuer is a midstream master limited partnership based in Denver.

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