DCP Midstream to repay revolver debt using proceeds from new notes

By Sarah Lizee

Olympia, Wash., June 17 – DCP Midstream, LP wholly owned subsidiary DCP Midstream Operating, LP plans to repay debt under its revolving credit facility using proceeds from a new note offering, according to a press release.

The company announced on Wednesday that it plans to offer $400 million of senior notes due 2027.

Proceeds will also be used for funding capital expenditures.

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

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