Traverse Midstream Partners closed a $1.285 billion senior secured term loan with Deutsche Bank and JPMorgan Chase Bank as joint lead arrangers and joint bookrunners.

The term loan was upsized by $150 million from an initial loan size of $1.135 billion. Proceeds will be used to fund ongoing capital requirements associated with Traverse’s 35% interest in Rover Pipeline and 25% interest in Ohio River System, to retire existing Traverse indebtedness and for general corporate purposes.

Traverse CEO Dave Shiel commented, “We are very pleased to announce the completion of the final phase of funding for our ownership interests in Rover and ORS. Rover is now partially in service with an expected completion date of first quarter 2018 and ORS has been in-service for close to two years. Both projects are critical infrastructure for unlocking the resource value in the Utica and western Marcellus basins and we are excited for Traverse to be a partner in these strategic assets.”