USA Compression Partners announced the closing of a fifth amended and restated credit agreement. The amendment provides for an increase in the facility capacity from $600 million to $850 million and an extension of the maturity to 2018. In addition, the revolving credit facility contains an accordion feature whereby it can be expanded to $950 million under certain conditions.

According to an 8-K filed December 17, 2013, JPMorgan Chase acted as agent and LC issuer, J.P. Morgan Securities acted as lead arranger and sole bookrunner, Wells Fargo Bank acted as documentation agent and Regions Bank acted as syndication agent.

The amendment to the partnership’s revolving credit facility reduces the applicable interest rate margins on borrowings and provides additional flexibility under the financial covenants.

As of September 30, the partnership had approximately $390 million of variable-rate outstanding indebtedness under its revolving credit facility.

“We appreciate the continued support and confidence of our lender group, which includes multiple institutions with long-term relationships with USA Compression,” said Eric D. Long, president and CEO of the partnership. “We view the strong initial commitments from several new institutions in our lender group as a strong vote of confidence in our partnership. This financial commitment to our partnership from the lender community provides us with additional financial flexibility as we continue to execute our growth strategy and deliver long-term value to our unitholders.”