SMLP - Summit Midstream Partners announces revolving credit line amendment

Summit Midstream Partners's ([[SMLP]] +2.2%) has executed an amendment of its revolving credit facility, and reduced the commitments from $1.25B to $1.1B with elimination of $250M accordion feature. Other terms includeBasket for the issuance of up to $400M of junior lien indebtedness.Revised restrictions on the Partnership's ability to use operating cash flow to repurchase junior debt and equity securities.Increased the total leverage covenant from 5.50x to 5.75x at all times going forward.Replaced the 3.75x senior secured leverage covenant with a new 3.50x first lien leverage covenantRestricted the Partnership's ability to resume distributions on preferred and common units.

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Summit Midstream Partners announces revolving credit line amendment