Summit Midstream Partners Amends and Extends Revolving Credit Facility

May 30, 2017

Summit Midstream Partners’ wholly-owned subsidiary Summit Midstream Holdings reported early Tuesday that it has amended and extended its $1.25 billion revolving credit facility.

The maturity date of the revolving credit facility was extended by approximately 3.5 years, to May 2022 from November 2018. The facility includes a $250.0 million accordion, and has the same pricing and a similar covenant package to the previous facility. The total leverage ratio financial covenant, as defined in the credit agreement, was increased from 5.00 to 1.00 to 5.50 to 1.00 in exchange for including a new senior secured leverage ratio financial covenant of 3.75 to 1.00.

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By Caroline Williams

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