Enbridge Energy extends revolver to 2019, removes cap on extensions

By Angela McDaniels

Tacoma, Wash., Oct. 10 – Enbridge Energy Partners, LP amended its $1.98 billion revolving credit facility to extend the maturity date to Sept. 26, 2019, according to an 8-K filing with the Securities and Exchange Commission.

The extension is only applicable to the commitments held by consenting lenders. The maturity date remains Sept. 26, 2018 for the commitments held by non-consenting lenders.

The amendment also removed the limitation on the number of times that Enbridge may request one-year extensions of the maturity date.

In connection with the amendment, JPMorgan Chase Bank, NA assigned $25 million of its commitment to Royal Bank of Canada.

The amendment was made Oct. 6.

Bank of America, NA is the administrative agent.

Enbridge is an oil and gas transportation and distribution company based in Houston.

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