Noble Midstream Partners amended and extended its revolving credit facility. According to a related 8-K filing, JPMorgan Chase Bank acted as administrative agent on the transaction.

The maturity date of the credit facility was extended by one and a half years to March 2023 and the facility size increased to $800 million. In addition, the credit facility added an accordion feature allowing Noble to request additional lender commitments of up to $350 million, for a total capacity of up to $1.15 billion. Pricing and fees remain consistent with prior credit facility terms.

The facility will be used to provide liquidity for general corporate purposes, including working capital and expansion capital expenditures.

“We are pleased with the support received from our lenders which reaffirms the operational and financial strength of our business,” said Noble Midstream CFO John F. Bookout. “We are committed to our disciplined financial framework and the upsized facility provides further flexibility to continue delivering our high quality growth projects.”

Noble Midstream is a growth-oriented master limited partnership that owns, operates, develops and acquires domestic midstream infrastructure assets in the energy sector.