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home / news releases / SMLP - Summit's Double E Pipeline wins $175M of financing commitments


SMLP - Summit's Double E Pipeline wins $175M of financing commitments

Summit Midstream Partners (SMLP) says it has received $175M of commitments from commercial banks to finance the development of its Double E Pipeline Project.The project won approval from the Federal Energy Regulatory Commission just three weeks ago.The 135-mile, 1.35B cf/day pipeline would transport gas from the Delaware Basin in New Mexico and Texas' Permian Basin to the Waha hub in west Texas.Summit Midstream has been considered a bankruptcy candidate, with total debt greater 15x its market cap, The Value Portfolio writes in a bullish analysis posted on Seeking Alpha.

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Summit's Double E Pipeline wins $175M of financing commitments
Stock Information

Company Name: Summit Midstream Partners LP Representing Limited Partner Interests
Stock Symbol: SMLP
Market: NYSE
Website: summitmidstream.com

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