Spectra Energy expands revolver to $2.5 billion, extends it to 2021

By Wendy Van Sickle

Columbus, Ohio, May 2 – Spectra Energy Partners, LP extended its revolving credit facility to April 29, 2021 and increased its total commitments to $2.4 billion via a Friday amendment to its credit agreement dated Nov. 11, 2013 with Citibank, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

The credit agreement has options for two additional one-year extensions, subject to lender approval.

The Hamilton, Bermuda, company is an owner and operator of floating storage and regasification units and liquefied natural gas carriers.

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