MarkWest Energy Partners, L.P. (NYSE: MWE) announced today the execution
of a $150 million increase to its senior secured revolving credit
facility, increasing total borrowing capacity to $900 million. The
revolving credit facility, which matures in September 2016, is supported
by a syndicate of 18 banks led by Wells Fargo Securities, LLC and RBC
Capital Markets as Joint Lead Arrangers and Joint Lead Bookrunners.
"We are pleased to increase the borrowing capacity of our revolving
credit facility, which provides us with additional financial flexibility
to continue pursuing our growth strategy,” stated Frank Semple,
Chairman, President and Chief Executive Officer. "We appreciate the
continued support of the strong lender group in our credit facility.”
MarkWest Energy Partners, L.P. is a master limited partnership
engaged in the gathering, transportation, and processing of natural gas;
the transportation, fractionation, marketing, and storage of natural gas
liquids; and the gathering and transportation of crude oil. MarkWest has
extensive natural gas gathering, processing, and transmission operations
in the southwest, Gulf Coast, and northeast regions of the United
States, including the Marcellus Shale, and is the largest natural gas
processor and fractionator in the Appalachian region.
This press release includes "forward-looking statements.”
All
statements other than statements of historical facts included or
incorporated herein may constitute forward-looking statements. Actual
results could vary significantly from those expressed or implied in such
statements and are subject to a number of risks and uncertainties.
Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we can give no assurance that
such expectations will prove to be correct. The forward-looking
statements involve risks and uncertainties that affect our operations,
financial performance, and other factors as discussed in our filings
with the Securities and Exchange Commission.
Among the factors
that could cause results to differ materially are those risks discussed
in the periodic reports we file with the SEC, including our Annual
Report on Form 10-K for the year ended December 31, 2010, and our
Quarterly Reports on Form 10-Q for the quarters ended June 30, 2011, and
September 30, 2011. You are urged to carefully review and consider the
cautionary statements and other disclosures made in those filings,
specifically those under the heading "Risk Factors.”
We do not
undertake any duty to update any forward-looking statement except as
required by law.
