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Inter Pipeline secures C$500M term credit facility

Inter Pipeline Ltd. has fully drawn a one-year, C$500 million term credit facility, according to an Aug. 30 news release.

The Calgary, Alberta-based company used the proceeds to partially repay outstanding amounts under its C$1.50 billion revolving credit facility, which may also be redrawn.

Under the extendable term facility, which is prepayable any time, Inter Pipeline would have an available amount of approximately C$1.20 billion on its revolving credit facility.

Inter Pipeline owns and operates energy infrastructure assets in western Canada and Europe and provides petroleum transportation, NGL processing and bulk liquid storage services.