Noble Midstream Partners Extends and Upsizes Revolving Credit Facility
HOUSTON–(BUSINESS WIRE)–Noble Midstream Partners LP (NYSE: NBLX) (“Noble Midstream” or
the “Partnership”) today announced the completion of an amendment and
extension of its revolving credit facility (the “Credit Facility”)
provided by 27 financial institutions. The Credit Facility will be used
to provide liquidity for general corporate purposes, including working
capital and expansion capital expenditures.
The maturity date of the Credit Facility is extended by one and a half
years to March 2023 and the facility size is increased to $800 million.
In addition, the Credit Facility has an accordion feature allowing the
Partnership to request additional lender commitments up to $350 million,
for a total capacity of up to $1.15 billion. Pricing and fees are
consistent with prior Credit Facility terms.
John F. Bookout, Noble Midstream’s Chief Financial Officer, commented,
“We are pleased with the support received from our lenders which
reaffirms the operational and financial strength of our business. We are
committed to our disciplined financial framework and the upsized
facility provides further flexibility to continue delivering our high
quality growth projects.”
About Noble Midstream
Noble Midstream is a growth-oriented master limited partnership formed
by Noble Energy, to own, operate, develop and acquire domestic midstream
infrastructure assets. Noble Midstream currently provides crude oil,
natural gas, and water-related midstream services in the DJ Basin in
Colorado and the Delaware Basin in Texas. For more information, please
visit www.nblmidstream.com
Contacts
Noble Midstream Partners
Megan Repine
Investor Relations
(832)
639-7380
megan.repine@nblmidstream.com