Impact: Positive. Veresen Midstream has increased its borrowing capacity to fund its contracted capital growth program without the need of further financing. The majority of this available capital will be directed towards Veresen Midstream's contracted capital projects under construction, including the Sunrise, Tower and Saturn processing facilities. We estimate that Veresen Midstream, and its partners, have ~$1.5 bn left to spend on its capital projects under construction as it had incurred
07 Sep 2016
SECURES $650 MM OF NEW CREDIT FACILITIES WITHIN VERESEN MIDSTREAM
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SECURES $650 MM OF NEW CREDIT FACILITIES WITHIN VERESEN MIDSTREAM
Impact: Positive. Veresen Midstream has increased its borrowing capacity to fund its contracted capital growth program without the need of further financing. The majority of this available capital will be directed towards Veresen Midstream's contracted capital projects under construction, including the Sunrise, Tower and Saturn processing facilities. We estimate that Veresen Midstream, and its partners, have ~$1.5 bn left to spend on its capital projects under construction as it had incurred