USA Compression Partners has closed the third amendment to its fifth amended and restated credit agreement. The amendment provides additional flexibility for the partnership.

“This amendment provides the partnership with incremental flexibility in managing our balance sheet, leverage and distribution policy as we continue to operate in a challenging energy market,” said Eric D. Long, president and chief executive officer of the partnership.

“We view the amendment as a strong show of support by our lender group. This is another indication of the confidence that has been built during the long-standing working partnership we have enjoyed with our lender group, led by JPMorgan Chase since 2004. This amendment provides the partnership with enhanced ability to navigate through an uncertain energy marketplace and we believe dismisses any need for equity financing in the near term, the cost of which is currently at a level we deem unattractive and uneconomic,” he said.

Austin, TX-based USA Compression Partners is a growth-oriented Delaware limited partnership that provides compression fleet horsepower.