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Enterprise pays $1B final installment for EFS Midstream acquisition

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Enterprise pays $1B final installment for EFS Midstream acquisition

has paid the $1 billion final installment to acquire all the membership interests in from affiliates ofPioneer Natural Resources Co.and Reliance Industries Ltd.

The paymentwas made within a year of the initial $1.15 billion installment upon closing ofthe asset buy, as stipulated under the terms of the deal, according to a July11 news release.

Enterprisestill has consolidated liquidity of about $4 billion, made up of cash on handand capacity under its $4 billion multiyear revolving credit facility and $1.5billion 364-day credit facility.