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DCP Midstream to pay down revolver borrowings with notes proceeds
By Sara Rosenberg
New York, Nov. 4 – DCP Midstream Operating LP plans to repay revolving credit facility borrowings with a portion of the proceeds from a $400 million senior notes offering, according to a market source.
Remaining proceeds from the notes will be used for general corporate purposes.
DCP is a Denver-based owner, operator and developer of a diversified portfolio of complementary midstream energy assets.
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