March 29, 2024
Willkie represented Enterprise Products Operating LLC, the operating subsidiary of Enterprise Products Partners, one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, natural gas liquids, crude oil, refined products and petrochemicals, as borrower, in connection with a $1.5 billion 364-day revolving credit facility.
The facility includes an accordion feature whereby the company may increase the borrowing capacity by up to $200 million to $1.7 billion provided certain conditions are met. Citibank, N.A. is the administrative agent for a syndicate of 19 lenders in the facility. The facility will be used for working capital, capital expenditures, acquisitions and other company purposes.
The Willkie team was led by partner Dale Smith and included associates Maciej Zielnik, Anne Moody and Emily Wang.
The facility includes an accordion feature whereby the company may increase the borrowing capacity by up to $200 million to $1.7 billion provided certain conditions are met. Citibank, N.A. is the administrative agent for a syndicate of 19 lenders in the facility. The facility will be used for working capital, capital expenditures, acquisitions and other company purposes.
The Willkie team was led by partner Dale Smith and included associates Maciej Zielnik, Anne Moody and Emily Wang.
