MarkWest Energy to hold bank meeting Thursday for $500 million credit facility

By Paul A. Harris

St. Louis, Oct. 3 - MarkWest Energy Partners LP will hold a bank meeting Thursday for a $500 million credit facility, according to a market source.

RBC Capital Markets will lead the deal.

The loan will be comprised of a $100 million revolving credit facility and a $400 million term loan.

Proceeds will be used to help fund the acquisition of the Javelina Gas Processing and Fractionization facility in south Texas.

MarkWest is a Denver-based publicly traded master limited partnership focused on processing natural gas in the Northeast, from the Appalachian basin and from Michigan.

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